FY2025 EPS Estimates for New Gold Increased by Analyst

New Gold Inc. (NYSE:NGD) – Analysts at Raymond James Financial upped their FY2025 EPS estimates for New Gold in a research note issued on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now expects that the company will post earnings of $0.52 per share for the year, up from their previous estimate of $0.49. Raymond James Financial has a “Market Perform” rating and a $7.00 price target on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. Raymond James Financial also issued estimates for New Gold’s Q4 2025 earnings at $0.23 EPS.

Other analysts have also issued reports about the stock. Scotiabank boosted their target price on shares of New Gold from $5.50 to $8.00 and gave the company an “outperform” rating in a research report on Thursday. National Bankshares restated an “outperform” rating on shares of New Gold in a research report on Tuesday, September 9th. Finally, CIBC lifted their price target on shares of New Gold from $6.50 to $9.50 and gave the company an “outperformer” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $6.46.

New Gold Stock Performance

Shares of NYSE NGD opened at $6.49 on Monday. The firm has a 50 day moving average of $6.51 and a 200 day moving average of $5.11. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 49.93 and a beta of 0.46. New Gold has a 12-month low of $2.43 and a 12-month high of $7.59.

Hedge Funds Weigh In On New Gold

Several hedge funds have recently modified their holdings of the stock. Creative Planning lifted its holdings in shares of New Gold by 8.1% in the second quarter. Creative Planning now owns 27,575 shares of the company’s stock worth $136,000 after buying an additional 2,071 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of New Gold by 0.6% in the second quarter. Russell Investments Group Ltd. now owns 473,856 shares of the company’s stock worth $2,342,000 after buying an additional 2,679 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of New Gold by 17.8% in the first quarter. Hsbc Holdings PLC now owns 25,176 shares of the company’s stock worth $93,000 after buying an additional 3,808 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of New Gold by 190.7% in the third quarter. Global Retirement Partners LLC now owns 7,031 shares of the company’s stock worth $50,000 after buying an additional 4,612 shares in the last quarter. Finally, Oxbow Advisors LLC lifted its holdings in shares of New Gold by 1.9% in the first quarter. Oxbow Advisors LLC now owns 282,400 shares of the company’s stock worth $1,048,000 after buying an additional 5,400 shares in the last quarter. Hedge funds and other institutional investors own 42.82% 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.