FY2024 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at Scotiabank boosted their FY2024 EPS estimates for New Gold in a report released on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $0.24 per share for the year, up from their previous estimate of $0.17. Scotiabank also issued estimates for New Gold’s FY2025 earnings at $0.39 EPS.

New Gold Stock Up 4.8 %

Shares of TSE NGD opened at C$3.96 on Monday. The stock has a fifty day moving average of C$3.80. The firm has a market cap of C$3.13 billion, a PE ratio of -99.00, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45. New Gold has a 52-week low of C$1.47 and a 52-week high of C$4.38.

Insider Buying and Selling

In other news, Senior Officer Yohann Bouchard sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was 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 company insiders.

About New Gold

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.