Raymond James Estimates New Gold’s FY2025 Earnings (TSE:NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities researchers at Raymond James lowered their FY2025 earnings per share estimates for shares of New Gold in a research report issued on Monday, October 21st. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.33 for the year, down from their previous estimate of $0.34.

A number of other equities analysts have also recently issued reports on NGD. Cibc World Mkts upgraded New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bankshares raised their price target on New Gold from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Canaccord Genuity Group upped their price objective on New Gold from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets raised their target price on New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, New Gold currently has an average rating of “Buy” and an average target price of C$3.71.

New Gold Trading Down 2.7 %

TSE NGD opened at C$4.04 on Thursday. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. New Gold has a one year low of C$1.44 and a one year high of C$4.37. The company has a 50-day simple moving average of C$3.76 and a 200-day simple moving average of C$3.11. The firm has a market capitalization of C$3.19 billion, a PE ratio of -101.00, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.01. The firm had revenue of C$298.55 million during the quarter. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%.

Insider Buying and Selling at New Gold

In other news, Senior Officer Sean William Keating sold 50,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$3.63, for a total value of C$181,500.00. 4.92% of the stock is owned by company insiders.

About New Gold

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.