New Gold FY2025 EPS Raised by Raymond James Financial

New Gold Inc. (NYSE:NGD) – Equities researchers at Raymond James Financial raised their FY2025 earnings estimates for New Gold in a report issued on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now forecasts that the company will earn $0.52 per share for the year, up from their previous estimate of $0.49. Raymond James Financial currently has a “Market Perform” rating and a $7.00 target price 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.

NGD has been the topic of a number of other research reports. CIBC increased their price objective on shares of New Gold from $6.50 to $9.50 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Scotiabank increased their price objective on shares of New Gold from $5.50 to $8.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, National Bankshares reissued an “outperform” rating on shares of New Gold in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from 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 NGD opened at $6.32 on Monday. 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 stock has a market capitalization of $5.00 billion, a P/E ratio of 48.62 and a beta of 0.46. The firm’s fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $5.13. 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

Large investors have recently added to or reduced their stakes in the business. Employees Retirement System of Texas bought a new position in New Gold in the 2nd quarter valued at about $32,000. Cary Street Partners Financial LLC bought a new position in New Gold in the 1st quarter valued at about $37,000. SBI Securities Co. Ltd. lifted its position in New Gold by 1,837.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,933 shares of the company’s stock valued at $44,000 after acquiring an additional 8,472 shares in the last quarter. Nwam LLC purchased a new stake in New Gold in the 1st quarter valued at about $45,000. Finally, Private Advisor Group LLC purchased a new stake in New Gold in the 1st quarter valued at about $50,000. Institutional investors own 42.82% of the company’s stock.

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.