Analysts Set Expectations for New Gold FY2026 Earnings

New Gold Inc. (NYSE:NGD) – Research analysts at National Bank Financial boosted their FY2026 earnings estimates for shares of New Gold in a research report issued on Wednesday, October 30th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.53 per share for the year, up from their previous forecast of $0.32. The consensus estimate for New Gold’s current full-year earnings is $0.17 per share.

New Gold (NYSE:NGD) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. New Gold had a return on equity of 9.38% and a net margin of 2.33%. The company had revenue of $252.00 million during the quarter.

NGD has been the topic of a number of other research reports. CIBC increased their price target on New Gold from $3.00 to $3.40 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Cibc World Mkts raised New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. StockNews.com upgraded shares of New Gold from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Scotiabank boosted their target price on shares of New Gold from $2.75 to $3.25 and gave the company a “sector outperform” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada increased their price target on shares of New Gold from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $3.08.

New Gold Stock Down 0.4 %

NYSE NGD opened at $2.76 on Monday. The firm has a 50-day simple moving average of $2.81. New Gold has a 12-month low of $1.09 and a 12-month high of $3.25. The company has a market cap of $2.18 billion, a P/E ratio of 139.50 and a beta of 1.31. The company has a quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 0.45.

Institutional Trading of New Gold

A number of hedge funds have recently added to or reduced their stakes in the stock. Scientech Research LLC bought a new stake in New Gold during the 2nd quarter worth approximately $28,000. Coppell Advisory Solutions Corp. bought a new position in New Gold during the 1st quarter worth $30,000. Allworth Financial LP lifted its holdings in New Gold by 941.8% during the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company’s stock worth $30,000 after buying an additional 9,418 shares during the period. Eastern Bank bought a new stake in shares of New Gold in the 3rd quarter valued at about $33,000. Finally, Rathbones Group PLC acquired a new stake in shares of New Gold in the second quarter valued at about $36,000. Institutional investors and hedge funds own 42.82% 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.