National Bank Financial Comments on New Gold FY2027 Earnings

New Gold Inc. (TSE:NGD - Free Report) recently had its FY2027 earnings per share estimates updated by analysts at National Bank Financial. In a research note published on March 11, the analyst M. Parkin forecasted that New Gold would report earnings per share of $0.85 for the year.

New Gold Stock Performance

The stock opened at C$4.43 on Thursday, showing an increase of 2.3%. The fifty-day moving average price for TSE:NGD is C$4.06, while the two-hundred-day moving average stands at C$3.90. Over the past year, New Gold has seen a 52-week low of C$2.12 and a high of C$4.54. Financially, the company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64, and a current ratio of 1.42. New Gold Inc. has a market capitalization of C$2.44 billion with a price-to-earnings ratio of 121.23 and a P/E/G ratio of -3.02. Additionally, it has a beta of 1.59, indicating higher volatility compared to the market.

Insider Trading Activity

In related news, on March 11, Senior Officer Keith Murphy sold 41,863 shares of New Gold. This transaction amounted to C$179,592.27, based on an average sale price of C$4.29 per share. Notably, corporate insiders hold 4.92% of the stock, showing a modest level of insider participation.

Company Overview

New Gold Inc. is recognized as an intermediate gold mining company with two primary operations: the Rainy River Mine and the New Afton Mine, both located in Canada. Additionally, New Gold has interests in the Cerro San Pedro Mine in Mexico. The company primarily generates its revenue from selling gold, copper, and silver.

Investment Considerations

Before making investment decisions regarding New Gold, it's crucial to conduct thorough research. While the stock currently enjoys a Buy rating among various analysts, it is important to examine alternative recommendations. MarketBeat has noted that several top-rated analysts suggest that other stocks may present better investment opportunities than New Gold at this time.

Investors are encouraged to explore these options and evaluate the potential for growth, particularly in the context of broader market trends.

NewGold, Earnings, Stock, Investment