Brokers Issue Forecasts for New Gold Q2 Earnings

New Gold Inc. (NYSE:NGD - Free Report) - Analysts at National Bank Financial issued their Q2 2025 EPS estimates for New Gold in a research report issued to clients and investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe forecasts that the company will post earnings per share of $0.10 for the quarter. National Bank Financial has a "Strong-Buy" rating on the stock. 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.

A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial raised shares of New Gold to a "hold" rating and set a $4.00 price target on the stock in a research report on Monday, June 30th. National Bankshares restated an "outperform" rating on shares of New Gold in a report on Tuesday, June 24th. Scotiabank restated an "outperform" rating on shares of New Gold in a report on Monday, April 14th. Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $2.60 to $3.90 in a report on Wednesday, March 26th. Finally, CIBC boosted their price target on shares of New Gold from $5.50 to $6.25 and gave the stock an "outperformer" rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $4.38.

New Gold Trading Down 2.0%

Shares of NYSE NGD traded down $0.09 during midday trading on Thursday, reaching $4.34. 12,353,409 shares of the stock were exchanged, compared to its average volume of 15,286,252. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $3.63. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 33.39 and a beta of 0.45. New Gold has a 12 month low of $1.94 and a 12 month 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.

Institutional Investors Weigh In On New Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in New Gold by 213.8% during the 4th quarter. Russell Investments Group Ltd. now owns 512,510 shares of the company's stock worth $1,273,000 after buying an additional 349,167 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of New Gold in the 4th quarter valued at about $1,918,000. Renaissance Technologies LLC raised its holdings in shares of New Gold by 11.6% in the 4th quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company's stock valued at $62,363,000 after purchasing an additional 2,619,782 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of New Gold by 97.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,944,585 shares of the company's stock valued at $14,742,000 after purchasing an additional 2,931,470 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of New Gold by 24.6% in the 4th quarter. Captrust Financial Advisors now owns 55,700 shares of the company's stock valued at $138,000 after purchasing an additional 11,000 shares during the period. 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.