New Gold Inc. (TSE:NGD – Free Report) (ARCA:NGD) – Research analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for New Gold in a research note issued on Tuesday, October 28th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $0.70 per share for the year, up from their previous forecast of $0.57. Scotiabank also issued estimates for New Gold’s FY2026 earnings at $1.16 EPS.
Several other brokerages also recently weighed in on NGD. Canaccord Genuity Group lifted their target price on New Gold from C$9.00 to C$12.50 in a research note on Thursday, October 2nd. National Bankshares lifted their target price on New Gold from C$11.50 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities lifted their target price on New Gold from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, New Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$9.49.
New Gold Trading Up 0.2%
Shares of NGD stock opened at C$10.33 on Friday. The business’s 50 day moving average is C$9.27 and its two-hundred day moving average is C$7.22. New Gold has a twelve month low of C$3.43 and a twelve month high of C$10.59. The company has a market capitalization of C$8.18 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of -3.02 and a beta of 1.93. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12.
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.
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