Equities Analysts Offer Predictions for New Gold Q3 Earnings

Key Points

• Raymond James Financial has reduced New Gold's Q3 2025 earnings per share (EPS) estimate from $0.16 to $0.15, maintaining a "Hold" rating and a price target of $4.00.
• Other brokerages are optimistic, with Wall Street Zen upgrading the stock to "buy" and CIBC raising its target price from $5.50 to $6.25.
• Currently, New Gold has a consensus rating of "Buy" with a price target of $4.38, and institutional investors own 42.82% of the stock.

New Gold Inc. (NYSE:NGD - Free Report) - Equities research analysts at Raymond James Financial cut their Q3 2025 earnings estimates for New Gold in a note issued to investors on Wednesday, July 23rd. Raymond James Financial analyst J. Elliott now anticipates that the company will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.16. Raymond James Financial has a "Hold" rating and a $4.00 price target on the stock. The consensus estimate for New Gold's current full-year earnings is $0.25 per share. Raymond James Financial also issued estimates for New Gold's Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.43 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.77 EPS.

NGD has been the subject of several other research reports. CIBC boosted their price objective on shares of New Gold from $5.50 to $6.25 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of New Gold from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Scotiabank restated an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of New Gold in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $4.38.

New Gold Stock Down 6.5%

Shares of NYSE:NGD traded down $0.29 during trading on Friday, hitting $4.13. 13,834,315 shares of the company were exchanged, compared to its average volume of 20,397,094. The stock has a market capitalization of $3.27 billion, a P/E ratio of 31.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. New Gold has a 12-month low of $1.94 and a 12-month high of $5.16. The firm's 50 day moving average price is $4.64 and its 200-day moving average price is $3.72.

Hedge Funds Weigh In On New Gold

A number of institutional investors have recently modified their holdings of the business. TD Asset Management Inc increased its holdings in shares of New Gold by 6.3% in the 2nd quarter. TD Asset Management Inc now owns 3,233,644 shares of the company's stock valued at $16,044,000 after acquiring an additional 192,791 shares during the period. Allspring Global Investments Holdings LLC increased its stake in New Gold by 12.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,783,000 shares of the company's stock valued at $13,845,000 after buying an additional 312,000 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in New Gold by 17.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,525 shares of the company's stock valued at $413,000 after buying an additional 12,425 shares during the period. Louisbourg Investments Inc. acquired a new position in New Gold in the 2nd quarter valued at $3,403,000. Finally, Triasima Portfolio Management inc. increased its stake in New Gold by 42.0% in the 2nd quarter. Triasima Portfolio Management inc. now owns 601,765 shares of the company's stock valued at $2,986,000 after buying an additional 177,993 shares during the period. 42.82% of the stock is owned by institutional investors and hedge funds.

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.