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

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Investment analysts at Scotiabank decreased their FY2025 earnings estimates for New Gold in a report 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 estimate of $0.71.

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

A number of other equities research analysts have also recently weighed in on NGD. 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 upgraded New Gold from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$7.50 to C$12.00 in a research note on Monday, December 1st. Finally, Canaccord Genuity Group lifted their target price on shares of 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 issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$10.61.

New Gold Price Performance

NGD stock opened at C$17.14 on Monday. The stock has a market cap of C$13.57 billion, a price-to-earnings ratio of 53.56, a PEG ratio of -3.02 and a beta of 1.92. New Gold has a fifty-two week low of C$3.77 and a fifty-two week high of C$18.62. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The business has a 50 day moving average price of C$12.57 and a 200 day moving average price of C$9.89.

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.