New Gold FY2025 EPS Boosted by National Bank Financial

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial boosted their FY2025 earnings estimates for New Gold in a research note issued to investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of $0.70 per share for the year, up from their prior forecast of $0.56. National Bank Financial currently 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.

NGD has been the topic of several other reports. Bank of America upgraded shares of New Gold from an “underperform” rating to a “buy” rating and upped their target price for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. Raymond James Financial raised shares of New Gold to a “hold” rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$4.68.

New Gold Trading Down 1.0%

Shares of NGD opened at C$5.91 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The firm’s 50-day moving average is C$6.28 and its two-hundred day moving average is C$5.10. New Gold has a twelve month low of C$2.79 and a twelve month high of C$6.95. The firm has a market capitalization of C$3.25 billion, a P/E ratio of 161.73, a PEG ratio of -3.02 and a beta of 1.59.

Insider Buying and Selling

In other New Gold news, Senior Officer Ankit Shah sold 42,699 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total transaction of C$242,103.33. Also, Senior Officer Sean William Keating sold 49,048 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$5.40, for a total transaction of C$264,859.20. In the last ninety days, insiders have sold 116,747 shares of company stock worth $663,463. 4.92% of the stock is currently owned by insiders.

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.