Analysts Set Expectations for New Gold Q4 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of New Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings per share of $0.09 for the quarter.

New Gold Stock Performance

Shares of NGD opened at C$4.28 on Wednesday. The company has a 50-day simple moving average of C$3.97 and a 200-day simple moving average of C$3.76. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45. The company has a market capitalization of C$3.38 billion, a PE ratio of -107.00, a P/E/G ratio of -3.02 and a beta of 1.59. New Gold has a 52-week low of C$1.47 and a 52-week high of C$4.54.

Insider Activity

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00. Insiders own 4.92% of the company’s stock.

New Gold Company Profile

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.