National Bank Financial Comments on New Gold FY2025 Earnings

New Gold Inc. (NYSE:NGD) – Investment analysts at National Bank Financial upped their FY2025 earnings per share estimates for shares of New Gold in a research report issued to clients and investors on Tuesday, April 22nd. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of $0.42 per share for the year, up from their prior forecast of $0.35. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for New Gold’s FY2026 earnings at $0.81 EPS.

Several other research firms also recently weighed in on NGD. Scotiabank reiterated an “outperform” rating on shares of New Gold in a research note on Monday, April 14th. Raymond James set a $4.00 target price on shares of New Gold and gave the stock a “market perform” rating in a research note on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of New Gold in a report on Wednesday, April 2nd. New Street Research set a $3.90 target price on shares of New Gold in a report on Wednesday, March 26th. Finally, Bank of America upgraded 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 research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $3.85.

New Gold Price Performance

New Gold stock opened at $3.39 on Friday. 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 business’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $2.93. New Gold has a 12 month low of $1.73 and a 12 month high of $3.86. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 26.08 and a beta of 0.93.

Institutional Trading of New Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new stake in New Gold in the fourth quarter valued at approximately $87,000. Russell Investments Group Ltd. raised its position in shares of New Gold by 213.8% during the 4th quarter. Russell Investments Group Ltd. now owns 512,510 shares of the company’s stock valued at $1,273,000 after buying an additional 349,167 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of New Gold during the 3rd quarter worth $941,000. Raymond James Financial Inc. purchased a new position in New Gold in the fourth quarter worth $1,918,000. Finally, Renaissance Technologies LLC raised its position in New Gold by 11.6% during the fourth quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company’s stock valued at $62,363,000 after purchasing an additional 2,619,782 shares in the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.

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.