Brokers Issue Forecasts for New Gold FY2026 Earnings

New Gold Inc. (NYSE:NGD - Free Report) - Stock analysts at National Bank Financial upped their FY2026 EPS estimates for shares of New Gold in a research note issued to investors on Tuesday, March 11th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.66 for the year, up from their prior 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 have also recently commented on NGD. Scotiabank raised their target price on shares of New Gold from $3.50 to $4.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 13th. CIBC cut their price objective on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $3.60.

New Gold Stock Performance

NYSE NGD traded down $0.04 on Thursday, reaching $3.19. 21,653,361 shares of the stock were exchanged, compared to its average volume of 15,170,088. New Gold has a one year low of $1.52 and a one year high of $3.31. The firm has a market capitalization of $2.52 billion, a PE ratio of 24.54 and a beta of 1.35. The company's 50-day simple moving average is $2.86 and its two-hundred day simple moving average is $2.79. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

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Institutional Trading of New Gold

A number of hedge funds and other institutional investors have recently modified their holdings of NGD. PKO Investment Management Joint Stock Co purchased a new position in shares of New Gold in the 4th quarter valued at about $874,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in New Gold by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,656 shares of the company's stock worth $2,258,000 after acquiring an additional 7,367 shares during the period. Wexford Capital LP purchased a new stake in New Gold during the fourth quarter worth $310,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in New Gold during the fourth quarter worth $43,000. Finally, Man Group plc purchased a new stake in New Gold during the fourth quarter worth $611,000. 42.82% of the stock is owned by institutional investors and hedge funds.

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.