New Gold FY2026 EPS Decreased by National Bank Financial

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 lowered their FY2026 earnings per share (EPS) estimates for New Gold in a research report issued on Monday, July 28th. National Bank Financial analyst M. Sidibe now anticipates 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 raised New Gold to a "hold" rating in a research note on Monday, June 30th.

New Gold Price Performance

Shares of NGD traded up C$0.08 during trading hours on Thursday, reaching C$5.88. 1,123,099 shares of the company traded hands, compared to its average volume of 1,876,882. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The stock has a market capitalization of C$3.24 billion, a PE ratio of 160.91, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. New Gold has a fifty-two week low of C$2.80 and a fifty-two week high of C$6.95. The stock has a fifty day simple moving average of C$6.37 and a 200 day simple moving average of C$5.27.

Insider Transactions at New Gold

In other New Gold news, Senior Officer Sean William Keating sold 25,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$6.26, for a total value of C$156,500.00. Also, Senior Officer Ankit Shah sold 42,699 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$5.67, for a total value of C$242,103.33. 4.92% of the stock is currently owned by company insiders.

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.