New Gold FY2025 EPS Increased by Raymond James Financial

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at Raymond James Financial upped their FY2025 earnings per share estimates for shares of New Gold in a report issued on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now expects that the company will earn $0.73 per share for the year, up from their previous forecast of $0.68. Raymond James Financial currently has a “Hold” rating on the stock. Raymond James Financial also issued estimates for New Gold’s Q4 2025 earnings at $0.32 EPS.

Other equities analysts also recently issued reports about the company. National Bankshares upped their target price on New Gold from C$8.00 to C$9.50 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Canaccord Genuity Group upped their target price on New Gold from C$9.00 to C$12.50 in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, New Gold has an average rating of “Buy” and a consensus target price of C$9.15.

New Gold Price Performance

TSE NGD opened at C$8.83 on Monday. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The stock’s fifty day moving average price is C$9.07 and its 200 day moving average price is C$7.09. New Gold has a 1 year low of C$3.43 and a 1 year high of C$10.59. The company has a market cap of C$6.99 billion, a price-to-earnings ratio of 44.15, a PEG ratio of -3.02 and a beta of 1.93.

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.