New Gold Inc. (TSE:NGD – Free Report) (ARCA:NGD) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for New Gold in a research report issued to clients and investors on Wednesday, May 1st. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.23 for the year, up from their previous estimate of $0.10. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.18 per share. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.32 EPS.
New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.04). New Gold had a negative net margin of 9.81% and a negative return on equity of 9.44%. The company had revenue of C$271.22 million for the quarter.
Read Our Latest Stock Analysis on NGD
New Gold Stock Performance
Shares of NGD stock opened at C$2.55 on Monday. The business has a fifty day moving average of C$2.27 and a 200 day moving average of C$1.94. New Gold has a 1 year low of C$1.17 and a 1 year high of C$2.68. The company has a debt-to-equity ratio of 54.32, a current ratio of 1.51 and a quick ratio of 1.64. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of -18.21, a price-to-earnings-growth ratio of -3.02 and a beta of 1.61.
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.
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