FY2024 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at Scotiabank boosted their FY2024 EPS estimates for shares of New Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $0.24 per share for the year, up from their previous forecast of $0.17. Scotiabank also issued estimates for New Gold’s FY2025 earnings at $0.39 EPS.

New Gold Trading Down 3.7 %

TSE:NGD opened at C$3.89 on Monday. New Gold has a twelve month low of C$1.47 and a twelve month high of C$4.38. The stock has a market cap of C$3.08 billion, a P/E ratio of -97.25, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64. The company’s 50-day simple moving average is C$3.80.

Insider Activity

In related 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. Company insiders own 4.92% of the company’s stock.

About New Gold

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.