Analysts Offer Predictions for New Gold FY2026 Earnings

Key Points

• Analysts at National Bank Financial lowered their FY2026 earnings per share estimate for New Gold Inc. to $0.95, compared to the previous forecast of $0.99.
• Despite the earnings downgrade, New Gold has received positive ratings from several firms, with a consensus rating of "Buy" and an average price target of $4.38.
• Institutional investors have significantly increased their stakes in New Gold, with Oxbow Advisors growing its position by 403.6% in the second quarter.

New Gold Inc. (NYSE:NGD - Free Report) - Stock analysts at National Bank Financial lowered their FY2026 earnings per share (EPS) estimates for New Gold in a report released on Monday, July 28th. National Bank Financial analyst M. Sidibe now expects that the company will earn $0.95 per share for the year, down from their previous estimate of $0.99. The consensus estimate for New Gold's current full-year earnings is $0.25 per share.

A number of other equities research analysts have also recently weighed in on the company. CIBC increased their price target on New Gold from $5.50 to $6.25 and gave the company an "outperformer" rating in a research note on Tuesday, July 15th. Scotiabank restated an "outperform" rating on shares of New Gold in a research note on Monday, April 14th. Wall Street Zen upgraded New Gold from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. National Bankshares restated an "outperform" rating on shares of New Gold in a research note on Tuesday, June 24th. Finally, Raymond James Financial upgraded New Gold to a "hold" rating and set a $4.00 price target on the stock in a research note on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $4.38.

New Gold Stock Up 1.7%

New Gold stock traded up $0.07 during midday trading on Thursday, reaching $4.26. The stock had a trading volume of 12,920,025 shares, compared to its average volume of 20,308,570. New Gold has a 1-year low of $1.94 and a 1-year high of $5.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The firm's fifty day simple moving average is $4.65 and its 200-day simple moving average is $3.77. The stock has a market capitalization of $3.37 billion, a P/E ratio of 32.77 and a beta of 0.45.

Institutional Investors Weigh In On New Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its position in New Gold by 9.3% in the 4th quarter. LPL Financial LLC now owns 143,964 shares of the company's stock valued at $357,000 after purchasing an additional 12,292 shares during the period. Wellington Management Group LLP acquired a new position in New Gold during the fourth quarter worth $2,830,000. Franklin Resources Inc. raised its holdings in New Gold by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 8,496,204 shares of the company's stock worth $21,073,000 after buying an additional 110,500 shares during the last quarter. Geode Capital Management LLC raised its holdings in New Gold by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 391,274 shares of the company's stock worth $987,000 after buying an additional 18,901 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in New Gold by 62.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 96,879 shares of the company's stock worth $240,000 after buying an additional 37,135 shares during the last quarter. 42.82% of the stock is owned by institutional investors.

New Gold Company Profile

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.