FY2025 EPS Estimates for New Gold Boosted by Analyst

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Raymond James Financial raised their FY2025 earnings estimates for shares of New Gold in a research report issued to clients and investors on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now expects that the company will post earnings of $0.73 per share for the year, up from their previous forecast of $0.68. Raymond James Financial has a “Hold” rating on the stock. Raymond James Financial also issued estimates for New Gold’s Q4 2025 earnings at $0.32 EPS.

Several other research firms have also weighed in on NGD. Canaccord Genuity Group boosted their target price on shares of New Gold from C$9.00 to C$12.50 in a report on Thursday, October 2nd. National Bankshares upped their price objective on shares of New Gold from C$8.00 to C$9.50 and gave the stock an “outperform” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, New Gold currently has a consensus rating of “Buy” and a consensus target price of C$9.15.

New Gold Stock Performance

TSE:NGD opened at C$9.07 on Monday. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The firm has a market capitalization of C$7.18 billion, a price-to-earnings ratio of 45.35, a PEG ratio of -3.02 and a beta of 1.93. The company’s 50-day moving average is C$9.04 and its two-hundred day moving average is C$7.06. New Gold has a 1-year low of C$3.43 and a 1-year high of C$10.59.

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.