National Bank Financial Estimates New Gold Q4 Earnings

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of New Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.06 per share for the quarter. The consensus estimate for New Gold’s current full-year earnings is $0.19 per share.

Separately, StockNews.com raised New Gold from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $3.41.

New Gold Price Performance

Shares of NYSE NGD opened at $3.01 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.84. The business has a 50-day moving average of $2.76 and a 200-day moving average of $2.71. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 27.18 and a beta of 1.36. New Gold has a fifty-two week low of $1.09 and a fifty-two week high of $3.25.

Institutional Trading of New Gold

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in shares of New Gold by 941.8% during the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company’s stock worth $30,000 after buying an additional 9,418 shares during the last quarter. DGS Capital Management LLC bought a new position in New Gold in the 4th quarter valued at about $30,000. Samalin Investment Counsel LLC acquired a new stake in New Gold during the fourth quarter worth approximately $32,000. Eastern Bank bought a new stake in shares of New Gold during the third quarter worth approximately $33,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of New Gold during the third quarter worth approximately $58,000. 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.