FY2026 EPS Estimate for New Gold Reduced by Analyst

Key Points

• National Bank Financial has lowered its FY2026 earnings per share (EPS) estimate for New Gold Inc. to $1.30, down from $1.36.
• Raymond James Financial upgraded New Gold to a "hold" rating, while four analysts maintain a consensus rating of "Buy" with an average target price of C$4.68.
• Recent insider selling included over 116,000 shares, with corporate insiders owning 4.92% of the company's stock.

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at National Bank Financial decreased their FY2026 earnings estimates for shares of New Gold in a research report issued to clients and investors on Monday, July 28th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings per share of $1.30 for the year, down from their prior forecast of $1.36.

Separately, Raymond James Financial upgraded New Gold to a "hold" rating in a research report on Monday, June 30th.

New Gold Trading Up 1.4%

TSE NGD traded up C$0.08 during trading hours on Thursday, reaching C$5.88. The company's stock had a trading volume of 1,123,099 shares, compared to its average volume of 1,876,882. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. New Gold has a 52 week low of C$2.80 and a 52 week high of C$6.95. The firm has a fifty day simple moving average of C$6.37 and a 200-day simple moving average of C$5.25. The stock has a market cap of C$3.24 billion, a P/E ratio of 160.91, a P/E/G ratio of -3.02 and a beta of 1.59.

Insider Activity at New Gold

In other news, Senior Officer Ankit Shah sold 42,699 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33. Also, Senior Officer Sean William Keating sold 25,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$6.26, for a total transaction of C$156,500.00. In the last ninety days, insiders have sold 116,747 shares of company stock valued at $663,463. Insiders own 4.92% of the company's stock.

New Gold Company Profile

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.