FY2026 Earnings Forecast for New Gold Issued By Scotiabank

New Gold Inc. (NYSE:NGD - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of New Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst E. Winmill forecasts that the company will earn $0.38 per share for the year. Scotiabank has a "Sector Outperform" rating and a $4.00 price objective on the stock. The consensus estimate for New Gold's current full-year earnings is $0.25 per share.

Several other equities analysts have also issued reports on the stock. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and lifted their price target for the company from $2.60 to $3.90 in a report on Wednesday. Finally, CIBC decreased their price objective on New Gold from $3.60 to $3.40 and set an "outperform" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $3.66.

New Gold Stock Up 4.3 %

Shares of NGD stock traded up $0.15 on Monday, hitting $3.62. The stock had a trading volume of 22,176,828 shares, compared to its average volume of 10,523,345. The business has a 50 day moving average price of $2.97 and a 200 day moving average price of $2.84. New Gold has a one year low of $1.58 and a one year high of $3.63. The company has a market cap of $2.86 billion, a PE ratio of 27.85 and a beta of 1.35. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SIH Partners LLLP purchased a new position in New Gold in the 4th quarter worth $27,000. Tudor Investment Corp ET AL acquired a new position in shares of New Gold in the 4th quarter valued at $27,000. DGS Capital Management LLC purchased a new position in New Gold during the fourth quarter worth approximately $30,000. Samalin Investment Counsel LLC purchased a new stake in New Gold in the 4th quarter worth $32,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of New Gold during the 4th quarter worth about $39,000. 42.82% of the stock is currently owned by hedge funds and other institutional investors.

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.