Q1 EPS Estimates for New Gold Increased by Analyst

Key Points

• Raymond James Financial increased its Q1 2026 earnings per share estimate for New Gold Inc. to $0.22 from $0.19, maintaining a "Hold" rating with a price target of $4.00.
• Several firms, including CIBC and Wall Street Zen, have recently upgraded their ratings on New Gold, contributing to a consensus "Buy" rating with a price target of $4.38.
• Institutional investors now hold 42.82% of New Gold shares, with multiple hedge funds acquiring new stakes in the company recently.

New Gold Inc. (NYSE:NGD - Free Report) - Stock analysts at Raymond James Financial lifted their Q1 2026 EPS estimates for shares of New Gold in a report issued on Wednesday, August 20th. Raymond James Financial analyst J. Elliott now expects that the company will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.19. Raymond James Financial currently has a "Hold" rating and a $4.00 target price 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 Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.88 EPS.

A number of other analysts also recently weighed in on the stock. CIBC upped their target price 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. National Bankshares reaffirmed an "outperform" rating on shares of New Gold in a research report on Tuesday, June 24th. Finally, Wall Street Zen raised shares of New Gold from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $4.38.

New Gold Trading Up 3.9%

New Gold stock traded up $0.22 during mid-day trading on Monday, reaching $5.90. 13,413,883 shares of the company traded hands, compared to its average volume of 19,371,982. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. The firm's 50 day moving average price is $4.84 and its 200 day moving average price is $4.07. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 45.39 and a beta of 0.38. New Gold has a 52-week low of $2.31 and a 52-week high of $5.92.

Hedge Funds Weigh In On New Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in shares of New Gold in the 4th quarter worth approximately $27,000. Employees Retirement System of Texas bought a new position in shares of New Gold in the 2nd quarter worth approximately $32,000. Cary Street Partners Financial LLC bought a new position in shares of New Gold in the 1st quarter worth approximately $37,000. Schonfeld Strategic Advisors LLC bought a new position in shares of New Gold in the 4th quarter worth approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of New Gold in the 4th quarter worth approximately $43,000. Institutional investors own 42.82% of the company's stock.

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.