National Bank Financial Weighs in on New Gold Q2 Earnings

New Gold Inc. (NYSE:NGD - Free Report) - Analysts at National Bank Financial issued their Q2 2025 earnings per share (EPS) estimates for New Gold in a research report issued on Tuesday, July 15th. National Bank Financial analyst M. Sidibe forecasts that the company will earn $0.10 per share for the quarter. The consensus estimate for New Gold's current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for New Gold's FY2026 earnings at $0.99 EPS.

NGD has been the topic of several other research reports. National Bankshares restated an "outperform" rating on shares of New Gold in a report on Tuesday, June 24th. New Street Research set a $3.90 price objective on New Gold in a research note on Wednesday, March 26th. Wall Street Zen upgraded New Gold from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Raymond James Financial upgraded New Gold to a "hold" rating and set a $4.00 target price on the stock in a report on Monday, June 30th. Finally, Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and upped their price target for the stock from $2.60 to $3.90 in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $4.38.

New Gold Trading Down 0.9%

NYSE:NGD traded down $0.04 during trading hours on Thursday, reaching $4.30. 11,835,856 shares of the company were exchanged, compared to its average volume of 15,325,666. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 33.08 and a beta of 0.45. The stock has a 50 day simple moving average of $4.58 and a 200 day simple moving average of $3.65. New Gold has a 52-week low of $1.94 and a 52-week high of $5.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84.

Hedge Funds Weigh In On New Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. SIH Partners LLLP acquired a new stake in New Gold in the fourth quarter valued at $27,000. Tudor Investment Corp ET AL acquired a new stake in shares of New Gold in the 4th quarter valued at about $27,000. Samalin Investment Counsel LLC bought a new position in shares of New Gold during the fourth quarter worth about $32,000. Cary Street Partners Financial LLC acquired a new position in New Gold in the first quarter worth about $37,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in New Gold in the fourth quarter valued at about $39,000. 42.82% of the stock is currently owned by hedge funds and other 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.