Raymond James Forecasts New Gold’s FY2025 Earnings (TSE:NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Raymond James dropped their FY2025 earnings per share estimates for shares of New Gold in a research report issued to clients and investors on Monday, October 21st. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.33 per share for the year, down from their prior estimate of $0.34.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price target on New Gold from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their price objective on shares of New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. National Bankshares lifted their target price on shares of New Gold from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Cibc World Mkts raised New Gold to a “strong-buy” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$3.71.

New Gold Stock Performance

The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64. New Gold has a one year low of C$1.44 and a one year high of C$4.37. The stock has a fifty day moving average of C$3.76 and a two-hundred day moving average of C$3.11. The firm has a market capitalization of C$3.21 billion, a P/E ratio of -101.00, a PEG ratio of -3.02 and a beta of 1.59.

New Gold (TSE:NGD) (ARCA:NGD) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. The company had revenue of C$298.55 million during the quarter.

Insider Buying and Selling at New Gold

In other news, Senior Officer Sean William Keating sold 45,833 shares of New Gold stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total value of C$191,123.61. Company insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.