National Bank Financial Forecasts New Gold FY2026 Earnings

New Gold Inc. (TSE:NGD) (ARCA:NGD) – National Bank Financial lifted their FY2026 EPS estimates for 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 $0.96 for the year, up from their prior forecast of $0.73.

New Gold Trading Down 1.5 %

Shares of NGD stock opened at C$4.59 on Friday. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The stock has a market capitalization of C$2.53 billion, a P/E ratio of 125.61, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a 50 day moving average price of C$4.10 and a 200 day moving average price of C$3.91. New Gold has a fifty-two week low of C$2.12 and a fifty-two week high of C$4.76.

Insider Buying and Selling

In related news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is owned by insiders.

About New Gold

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.