Equities Analysts Offer Predictions for New Gold Q4 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities researchers at Raymond James upped their Q4 2024 earnings per share (EPS) estimates for shares of New Gold in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.07. Raymond James also issued estimates for New Gold’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

New Gold Trading Down 3.4 %

Shares of NGD opened at C$4.28 on Thursday. The stock’s 50-day moving average price is C$3.93 and its 200 day moving average price is C$3.72. 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 firm has a market capitalization of C$3.38 billion, a price-to-earnings ratio of -107.00, a P/E/G ratio of -3.02 and a beta of 1.59. New Gold has a 12-month low of C$1.47 and a 12-month high of C$4.54.

Insider Transactions at New Gold

In other news, Senior Officer Yohann Bouchard sold 100,000 shares of New Gold 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. 4.92% of the stock is owned by insiders.

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.