National Bank Financial Forecasts New Gold FY2025 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Investment analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of New Gold in a research report issued to clients and investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior forecast of $0.56. National Bank Financial has a “Strong-Buy” rating on the stock. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.70 EPS, FY2026 earnings at $1.36 EPS and FY2026 earnings at $1.36 EPS.

A number of other research firms have also recently weighed in on NGD. Bank of America raised New Gold from an “underperform” rating to a “buy” rating and increased their price objective for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. Raymond James Financial raised New Gold to a “hold” rating in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$4.68.

New Gold Stock Performance

New Gold stock traded down C$0.05 during mid-day trading on Friday, reaching C$5.92. 209,931 shares of the company were exchanged, compared to its average volume of 1,878,684. New Gold has a twelve month low of C$2.79 and a twelve month high of C$6.95. The firm’s 50-day simple moving average is C$6.28 and its two-hundred day simple moving average is C$5.08. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The firm has a market cap of C$3.26 billion, a PE ratio of 162.01, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.

Insider Activity at New Gold

In other New Gold news, Senior Officer Sean William Keating sold 25,000 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$6.26, for a total value of C$156,500.00. Also, Senior Officer Ankit Shah sold 42,699 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33. Insiders sold a total of 116,747 shares of company stock valued at $663,463 over the last three months. Insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.