New Gold FY2026 EPS Lifted by National Bank Financial

New Gold Inc. (NYSE:NGD) – Stock analysts at National Bank Financial boosted 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 per share of $0.53 for the year, up from their prior forecast of $0.32. The consensus estimate for New Gold’s current full-year earnings is $0.17 per share.

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

New Gold Stock Down 0.7 %

NGD opened at $2.74 on Monday. The company has a market capitalization of $2.17 billion, a PE ratio of 137.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.84. New Gold has a twelve month low of $1.09 and a twelve month high of $3.25. The business’s 50-day moving average price is $2.81.

New Gold (NYSE:NGD) last released its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter.

Institutional Investors Weigh In On New Gold

Hedge funds have recently modified their holdings of the company. Scientech Research LLC bought a new position in New Gold in the second quarter valued at about $28,000. Coppell Advisory Solutions Corp. acquired a new position in shares of New Gold in the first quarter valued at approximately $30,000. Allworth Financial LP raised its holdings in New Gold by 941.8% in the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company’s stock valued at $30,000 after buying an additional 9,418 shares during the last quarter. Eastern Bank bought a new position in New Gold in the 3rd quarter valued at approximately $33,000. Finally, Rathbones Group PLC acquired a new stake in New Gold during the 2nd quarter worth approximately $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.