Brokers Offer Predictions for New Gold FY2026 Earnings

New Gold Inc. (NYSE:NGD) – Equities research analysts at National Bank Financial boosted their FY2026 EPS estimates for New Gold in a report issued on Tuesday, March 11th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.66 per share for the year, up from their previous forecast of $0.53. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for New Gold’s FY2027 earnings at $0.59 EPS.

A number of other research firms also recently weighed in on NGD. CIBC reduced their target price on New Gold from $3.60 to $3.40 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Scotiabank upped their price target on New Gold from $3.50 to $4.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $3.60.

New Gold Trading Up 2.7 %

NYSE NGD opened at $3.08 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. New Gold has a fifty-two week low of $1.52 and a fifty-two week high of $3.25. The stock has a market cap of $2.44 billion, a P/E ratio of 23.69 and a beta of 1.35. The stock has a 50 day simple moving average of $2.83 and a two-hundred day simple moving average of $2.78.

Institutional Investors Weigh In On New Gold

A number of large investors have recently added to or reduced their stakes in NGD. SIH Partners LLLP bought a new stake in New Gold during the fourth quarter valued at approximately $27,000. Tudor Investment Corp ET AL purchased a new position in shares of New Gold in the fourth quarter valued at about $27,000. DGS Capital Management LLC purchased a new position in New Gold during the fourth quarter valued at $30,000. Samalin Investment Counsel LLC bought a new position in New Gold during the fourth quarter valued at approximately $32,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in New Gold in the fourth quarter worth $39,000. Institutional investors own 42.82% of the company’s stock.

New Gold Company Profile

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.