Raymond James Has Optimistic Outlook of New Gold Q4 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Investment analysts at Raymond James boosted their Q4 2024 EPS estimates for shares of New Gold in a research note issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the company will earn $0.09 per share for the quarter, up from their prior 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 Up 2.3 %

Shares of NGD stock opened at C$4.43 on Thursday. New Gold has a 52-week low of C$1.47 and a 52-week high of C$4.54. The stock has a market cap of C$3.50 billion, a price-to-earnings ratio of -110.75, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The firm has a fifty day moving average of C$3.92 and a 200-day moving average of C$3.72.

Insider Activity

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the 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. Corporate 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.