Research Analysts Offer Predictions for New Gold Q1 Earnings

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) - Equities research analysts at Raymond James Financial upped their Q1 2026 earnings per share estimates for shares of New Gold in a research report issued to clients and investors on Wednesday, August 20th. Raymond James Financial analyst J. Elliott now anticipates that the company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.19. Raymond James Financial has a "Hold" rating and a $4.00 price objective 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 research firms have also issued reports on NGD. CIBC increased their target price on shares of New Gold from $5.50 to $6.25 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of New Gold in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded New Gold from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, New Gold currently has a consensus rating of "Buy" and a consensus price target of $4.38.

New Gold Trading Up 1.8%

Shares of NGD stock opened at $5.54 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market capitalization of $4.39 billion, a P/E ratio of 42.62 and a beta of 0.38. The company has a 50 day moving average price of $4.76 and a 200 day moving average price of $4.00. New Gold has a fifty-two week low of $2.31 and a fifty-two week high of $5.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL purchased a new stake in New Gold during the fourth quarter worth approximately $27,000. Employees Retirement System of Texas acquired a new stake in New Gold during the second quarter worth approximately $32,000. Cary Street Partners Financial LLC acquired a new stake in New Gold during the first quarter worth approximately $37,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of New Gold during the 4th quarter worth approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of New Gold in the 4th quarter valued at $43,000. 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.

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