FY2025 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities researchers at Scotiabank decreased their FY2025 earnings estimates for shares of New Gold in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst E. Winmill now anticipates that the company will earn $0.66 per share for the year, down from their previous forecast of $0.71.

New Gold (TSE:NGD) (ARCA:NGD) last posted its quarterly earnings results on Tuesday, October 28th. The company reported C$0.25 earnings per share (EPS) for the quarter. New Gold had a net margin of 2.33% and a return on equity of 2.31%. The company had revenue of C$643.99 million for the quarter.

Several other brokerages have also issued reports on NGD. TD Securities upgraded New Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from C$7.50 to C$12.00 in a research note on Monday, December 1st. National Bankshares raised their price objective on New Gold from C$11.50 to C$12.50 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group lifted their price objective on New Gold from C$9.00 to C$12.50 in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$10.61.

New Gold Stock Up 1.2%

TSE NGD opened at C$17.59 on Monday. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The firm has a 50-day simple moving average of C$12.28 and a 200 day simple moving average of C$9.74. New Gold has a twelve month low of C$3.77 and a twelve month high of C$17.82. The stock has a market cap of C$13.93 billion, a PE ratio of 54.97, a PEG ratio of -3.02 and a beta of 1.92.

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.