New Gold FY2026 EPS Increased by National Bank Financial

New Gold Inc. (NYSE:NGD) – Investment analysts at National Bank Financial upped their FY2026 earnings per share estimates for New Gold in a note issued to investors on Tuesday, March 11th. National Bank Financial analyst M. Parkin now anticipates 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 commented on NGD. CIBC dropped their price target on New Gold from $3.60 to $3.40 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Scotiabank lifted their target price on New Gold from $3.50 to $4.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, New Gold currently has a consensus rating of “Buy” and an average target price of $3.60.

New Gold Trading Up 4.9 %

NYSE NGD opened at $3.23 on Thursday. The firm has a market cap of $2.55 billion, a P/E ratio of 24.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. The stock’s 50-day moving average is $2.84 and its 200-day moving average is $2.79. New Gold has a one year low of $1.52 and a one year high of $3.31.

Institutional Investors Weigh In On New Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SIH Partners LLLP acquired a new position in shares of New Gold during the 4th quarter worth approximately $27,000. Tudor Investment Corp ET AL acquired a new position in shares of New Gold during the 4th quarter worth approximately $27,000. DGS Capital Management LLC acquired a new position in shares of New Gold during the 4th quarter worth approximately $30,000. Samalin Investment Counsel LLC acquired a new position in shares of New Gold during the 4th quarter worth approximately $32,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of New Gold during the 4th quarter worth approximately $39,000. 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.