New Gold FY2024 EPS Decreased by National Bank Financial

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for New Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.27 per share for the year, down from their prior forecast of $0.29. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.50 EPS.

New Gold Trading Down 0.5 %

New Gold stock opened at C$4.28 on Thursday. The company has a 50 day moving average price of C$3.97 and a 200 day moving average price of C$3.76. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. New Gold has a 52 week low of C$1.47 and a 52 week high of C$4.54. The firm has a market capitalization of C$3.38 billion, a price-to-earnings ratio of -107.00, a P/E/G ratio of -3.02 and a beta of 1.59.

Insider Activity

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the company’s stock in a transaction dated 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 corporate insiders.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.