What is Scotiabank’s Estimate for New Gold FY2025 Earnings?

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for New Gold in a research note issued on Friday, January 23rd. Scotiabank analyst E. Winmill now expects that the company will earn $0.66 per share for the year, down from their prior forecast of $0.71.

A number of other equities analysts have also commented on the stock. National Bankshares boosted their price target on shares of New Gold from C$11.50 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday, October 30th. TD Securities raised shares of New Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$7.50 to C$12.00 in a report on Monday, December 1st. Finally, Canaccord Genuity Group boosted their target price on New Gold from C$9.00 to C$12.50 in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$10.61.

New Gold Stock Up 1.2%

NGD opened at C$17.59 on Monday. The firm has a market cap of C$13.93 billion, a price-to-earnings ratio of 54.97, a PEG ratio of -3.02 and a beta of 1.92. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The firm’s 50-day simple moving average is C$12.28 and its 200-day simple moving average is C$9.74. New Gold has a twelve month low of C$3.77 and a twelve month high of C$17.82.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$0.25 earnings per share (EPS) for the quarter. New Gold had a return on equity of 2.31% and a net margin of 2.33%.The company had revenue of C$643.99 million during the quarter.

About New Gold

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.