Analysts Offer Predictions for New Gold FY2025 Earnings

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial dropped their FY2025 EPS estimates for shares of New Gold in a research report issued on Wednesday, April 30th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $0.40 per share for the year, down from their prior estimate of $0.42. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share.

Other equities analysts have also recently issued research reports about the stock. Raymond James set a $4.00 target price on shares of New Gold and gave the stock a “market perform” rating in a research report on Friday, April 4th. New Street Research set a $3.90 price target on shares of New Gold in a report on Wednesday, March 26th. StockNews.com cut shares of New Gold from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Bank of America upgraded shares of New Gold from an “underperform” rating to a “buy” rating and increased their target price for the stock from $2.60 to $3.90 in a report on Wednesday, March 26th. Finally, National Bankshares restated an “outperform” rating on shares of New Gold in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.85.

New Gold Stock Up 6.9 %

Shares of NYSE NGD opened at $4.20 on Monday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 32.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. New Gold has a one year low of $1.74 and a one year high of $4.21. The firm’s 50 day simple moving average is $3.36 and its two-hundred day simple moving average is $2.98.

Institutional Trading of New Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Sense Advisors Inc. purchased a new stake in shares of New Gold during the first quarter valued at approximately $652,000. Foundry Partners LLC bought a new stake in shares of New Gold in the 1st quarter worth $3,960,000. Private Advisor Group LLC bought a new stake in shares of New Gold in the 1st quarter worth $50,000. Nwam LLC purchased a new position in shares of New Gold in the first quarter worth $45,000. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of New Gold by 758.5% during the first quarter. Kingsview Wealth Management LLC now owns 128,771 shares of the company’s stock valued at $478,000 after purchasing an additional 113,771 shares in the last quarter. 42.82% of the stock is currently owned by institutional investors.

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.