New Gold FY2024 EPS Cut by National Bank Financial

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for New Gold in a 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 Stock Performance

Shares of NGD opened at C$4.28 on Thursday. The firm has a fifty day moving average of C$3.97 and a 200-day moving average of C$3.76. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of -107.00, a price-to-earnings-growth 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. New Gold has a 1 year low of C$1.47 and a 1 year high of C$4.54.

Insider Activity

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. Corporate insiders own 4.92% of the company’s stock.

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.