National Bank Financial Predicts New Gold FY2024 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – National Bank Financial dropped their FY2024 EPS estimates for New Gold in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.27 per share for the year, down from their prior forecast of $0.29. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.50 EPS.

New Gold Stock Performance

Shares of TSE NGD opened at C$4.28 on Thursday. The stock has a market cap of C$2.35 billion, a PE ratio of 117.13, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The firm has a fifty day moving average price of C$3.97 and a 200-day moving average price of C$3.76. New Gold has a 1 year low of C$1.47 and a 1 year high of C$4.54. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64.

Insider Buying and Selling at New Gold

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of New Gold stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. 4.92% of the stock is currently owned by insiders.

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.