FY2027 EPS Estimates for New Gold Raised by Analyst

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial raised their FY2027 EPS estimates for shares of New Gold in a note issued to investors on Wednesday, April 30th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of $0.96 per share for the year, up from their previous estimate of $0.85. National Bank Financial currently has a “Strong-Buy” rating on the stock.

Separately, Bank of America raised New Gold from an “underperform” rating to a “buy” rating and boosted their price target for the stock from C$3.65 to C$5.45 in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, New Gold currently has an average rating of “Buy” and a consensus target price of C$4.34.

New Gold Stock Down 0.4 %

Shares of NGD opened at C$5.30 on Friday. The firm has a 50 day simple moving average of C$4.68 and a two-hundred day simple moving average of C$4.21. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. New Gold has a one year low of C$2.38 and a one year high of C$5.49. The company has a market cap of C$2.92 billion, a P/E ratio of 145.04, a P/E/G ratio of -3.02 and a beta of 1.59.

Insider Buying and Selling

In other news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is currently owned by corporate insiders.

About New Gold

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.