New Gold Inc. (TSE:NGD – Free Report) (ARCA:NGD) – Research analysts at Scotiabank reduced their FY2026 EPS estimates for shares of New Gold in a report issued on Sunday, April 13th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $0.53 per share for the year, down from their previous estimate of $0.54.
A number of other research analysts have also weighed in on the company. Bank of America upgraded New Gold from an “underperform” rating to a “buy” rating and raised their price objective for the company from C$3.65 to C$5.45 in a report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a “strong-buy” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$4.34.
New Gold Stock Performance
NGD opened at C$5.06 on Wednesday. The firm’s fifty day simple moving average is C$4.50 and its two-hundred day simple moving average is C$4.12. New Gold has a 52-week low of C$2.29 and a 52-week high of C$5.39. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 138.47, a PEG ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12.
Insider Buying and Selling
In related news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. Insiders own 4.92% of the company’s stock.
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.
Read More
- Five stocks we like better than New Gold
- What is Put Option Volume?
- Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally
- Investing in Construction Stocks
- Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar
- What Are Dividend Challengers?
- Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.
