Brokers Issue Forecasts for New Gold FY2027 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial issued their FY2027 earnings estimates for shares of New Gold in a research note issued on Tuesday, March 11th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.85 per share for the year.

New Gold Stock Up 5.2 %

TSE:NGD opened at C$4.66 on Thursday. The company has a market cap of C$2.56 billion, a PE ratio of 127.52, a P/E/G ratio of -3.02 and a beta of 1.59. New Gold has a twelve month low of C$2.12 and a twelve month high of C$4.76. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The company’s 50 day moving average is C$4.08 and its two-hundred day moving average is C$3.90.

Insiders Place Their Bets

In other news, Senior Officer Keith Murphy sold 41,863 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is owned by 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.