Analysts Offer Predictions for New Gold FY2025 Earnings

New Gold Inc. (NYSE:NGD) – Investment analysts at Raymond James Financial increased their FY2025 earnings per share estimates for New Gold in a report issued on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now forecasts that the company will earn $0.52 per share for the year, up from their previous estimate of $0.49. Raymond James Financial currently has a “Market Perform” rating and a $7.00 target price on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. Raymond James Financial also issued estimates for New Gold’s Q4 2025 earnings at $0.23 EPS.

Several other brokerages have also recently commented on NGD. Scotiabank increased their target price on New Gold from $5.50 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. CIBC upped their price target on New Gold from $6.50 to $9.50 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of New Gold in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $6.46.

New Gold Price Performance

Shares of NGD stock opened at $6.33 on Monday. The stock’s fifty day moving average is $6.56 and its 200-day moving average is $5.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market capitalization of $5.01 billion, a PE ratio of 48.70 and a beta of 0.46. New Gold has a 52 week low of $2.43 and a 52 week high of $7.59.

Hedge Funds Weigh In On New Gold

Several large investors have recently made changes to their positions in NGD. Invenomic Capital Management LP lifted its stake in New Gold by 1.6% in the first quarter. Invenomic Capital Management LP now owns 3,411,752 shares of the company’s stock valued at $12,658,000 after buying an additional 52,360 shares during the period. Financial Sense Advisors Inc. acquired a new position in New Gold in the first quarter valued at about $652,000. Allspring Global Investments Holdings LLC lifted its stake in New Gold by 12.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,783,000 shares of the company’s stock valued at $13,845,000 after buying an additional 312,000 shares during the period. Foundry Partners LLC acquired a new position in New Gold in the first quarter valued at about $3,960,000. Finally, Impala Asset Management LLC lifted its stake in New Gold by 47.1% in the first quarter. Impala Asset Management LLC now owns 1,000,000 shares of the company’s stock valued at $3,710,000 after buying an additional 320,000 shares during the period. Institutional investors and hedge funds 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.