New Gold Inc. (TSE:NGD – Free Report) (ARCA:NGD) – Equities researchers at Raymond James lifted their Q3 2024 earnings estimates for New Gold in a research report issued to clients and investors on Monday, October 21st. Raymond James analyst F. Hamed now forecasts that the company will earn $0.06 per share for the quarter, up from their previous forecast of $0.04. Raymond James also issued estimates for New Gold’s Q4 2024 earnings at $0.10 EPS and FY2024 earnings at $0.21 EPS.
New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.01. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. The firm had revenue of C$298.55 million for the quarter.
Read Our Latest Analysis on New Gold
New Gold Price Performance
TSE:NGD opened at C$4.15 on Wednesday. The firm has a market capitalization of C$3.28 billion, a price-to-earnings ratio of -103.75, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The stock has a fifty day moving average of C$3.74 and a 200 day moving average of C$3.10. New Gold has a 52-week low of C$1.42 and a 52-week high of C$4.37.
Insider Buying and Selling at New Gold
In other news, Senior Officer Sean William Keating sold 45,833 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total value of C$191,123.61. Insiders own 4.92% of the company’s stock.
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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