National Bank Financial Forecasts New Gold Q4 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of New Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.09 for the quarter.

New Gold Trading Down 3.8 %

TSE NGD opened at C$4.30 on Wednesday. The firm’s 50 day moving average price is C$3.96 and its two-hundred day moving average price is C$3.75. The stock has a market cap of C$3.40 billion, a price-to-earnings ratio of -107.50, a PEG ratio of -3.02 and a beta of 1.59. New Gold has a twelve month low of C$1.47 and a twelve month high of C$4.54. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50.

Insider Activity

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. 4.92% of the stock is currently owned by corporate insiders.

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.