National Bank Financial Weighs in on New Gold Inc.’s FY2025 Earnings (NYSE:NGD)

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of New Gold in a note issued to investors on Wednesday, July 31st. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.26 per share for the year, down from their prior estimate of $0.30. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.14 per share.

New Gold (NYSE:NGD) last issued its earnings results on Tuesday, July 30th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. New Gold had a positive return on equity of 5.22% and a negative net margin of 2.53%. The business had revenue of $218.20 million during the quarter.

NGD has been the subject of several other research reports. Cibc World Mkts raised shares of New Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. TD Securities raised shares of New Gold from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. Scotiabank raised shares of New Gold from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $2.00 to $2.25 in a report on Tuesday, May 21st. BMO Capital Markets began coverage on shares of New Gold in a report on Friday, May 31st. They issued an “outperform” rating and a $3.50 target price for the company. Finally, CIBC increased their target price on shares of New Gold from $3.00 to $3.40 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, New Gold currently has an average rating of “Moderate Buy” and an average target price of $2.18.

New Gold Stock Up 1.7 %

NYSE NGD opened at $2.15 on Monday. New Gold has a 52 week low of $0.86 and a 52 week high of $2.46. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -21.45 and a beta of 1.32. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $2.11.

Institutional Trading of New Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Caprock Group LLC bought a new stake in shares of New Gold in the second quarter valued at about $1,560,000. Acadian Asset Management LLC boosted its position in New Gold by 1,210.3% in the second quarter. Acadian Asset Management LLC now owns 1,203,908 shares of the company’s stock valued at $2,342,000 after buying an additional 1,112,030 shares during the last quarter. National Bank of Canada FI boosted its position in New Gold by 4.4% in the second quarter. National Bank of Canada FI now owns 1,931,615 shares of the company’s stock valued at $3,772,000 after buying an additional 81,653 shares during the last quarter. TD Asset Management Inc boosted its position in New Gold by 9.8% in the second quarter. TD Asset Management Inc now owns 4,129,508 shares of the company’s stock valued at $8,148,000 after buying an additional 369,354 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in New Gold by 196.2% in the second quarter. CIBC Asset Management Inc now owns 2,060,975 shares of the company’s stock valued at $4,065,000 after acquiring an additional 1,365,089 shares during the period. 42.82% of the stock is currently owned by institutional investors.

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.