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

New Gold Inc. (NYSE:NGD) – Research analysts at Scotiabank lowered their FY2025 earnings estimates for shares of New Gold in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst E. Winmill now expects that the company will earn $0.48 per share for the year, down from their previous forecast of $0.51. Scotiabank currently has a “Sector Outperform” rating and a $8.00 target price on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. Scotiabank also issued estimates for New Gold’s FY2026 earnings at $0.82 EPS.

NGD has been the subject of a number of other research reports. TD Securities raised New Gold from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, December 1st. National Bankshares reissued an “outperform” rating on shares of New Gold in a research note on Thursday, October 30th. Raymond James Financial reaffirmed a “market perform” rating and set a $7.00 target price on shares of New Gold in a research report on Friday, October 10th. Finally, CIBC increased their price target on New Gold from $6.50 to $9.50 and gave the company an “outperformer” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $7.38.

New Gold Trading Up 1.8%

Shares of NYSE:NGD opened at $12.85 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $10.17 billion, a PE ratio of 98.85 and a beta of 0.62. New Gold has a 1 year low of $2.60 and a 1 year high of $13.01. The firm has a fifty day moving average price of $8.86 and a 200 day moving average price of $7.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NGD. Campbell & CO Investment Adviser LLC bought a new position in New Gold in the third quarter worth $1,625,000. Triasima Portfolio Management inc. increased its holdings in New Gold by 41.2% in the 3rd quarter. Triasima Portfolio Management inc. now owns 849,586 shares of the company’s stock valued at $6,088,000 after buying an additional 247,821 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of New Gold by 9.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,033,000 shares of the company’s stock valued at $21,723,000 after buying an additional 250,000 shares in the last quarter. Scotia Capital Inc. lifted its holdings in shares of New Gold by 390.2% during the 2nd quarter. Scotia Capital Inc. now owns 174,019 shares of the company’s stock worth $857,000 after acquiring an additional 138,519 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of New Gold by 493.5% during the 2nd quarter. Quantbot Technologies LP now owns 1,034,473 shares of the company’s stock valued at $5,121,000 after acquiring an additional 860,174 shares in the last quarter. 42.82% of the stock is owned by institutional investors.

About New Gold

New Gold Inc is a Canadian-based intermediate precious metals producer focused on the exploration, development and operation of gold and copper mining assets. The company was formed in 2008 through the merger of two exploration firms and has since grown into a multi-asset mining platform. Headquartered in Toronto, New Gold emphasizes a disciplined approach to capital allocation and operational execution, with a commitment to environmental stewardship and strong community relations.

New Gold’s principal producing assets include the New Afton Mine in British Columbia and the Rainy River Mine in northwestern Ontario.