FY2026 EPS Estimates for New Gold Raised by Analyst

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Investment analysts at National Bank Financial raised their FY2026 earnings per share estimates for shares of New Gold in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.73 per share for the year, up from their previous forecast of $0.44.

Several other equities analysts have also weighed in on the company. BMO Capital Markets lifted their price objective on New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. Canaccord Genuity Group lifted their target price on New Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Thursday, August 22nd. National Bankshares raised their price objective on shares of New Gold from C$4.00 to C$4.25 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Cibc World Mkts raised New Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$3.71.

New Gold Stock Performance

Shares of NGD opened at C$3.83 on Monday. New Gold has a 1 year low of C$1.47 and a 1 year high of C$4.37. The company’s 50 day simple moving average is C$3.82 and its 200 day simple moving average is C$3.17. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The company has a market capitalization of C$3.03 billion, a price-to-earnings ratio of -97.75, a PEG ratio of -3.02 and a beta of 1.59.

Insider Transactions at New Gold

In other New Gold news, Senior Officer Sean William Keating sold 50,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$3.63, for a total value of C$181,500.00. Insiders own 4.92% 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.