Brokers Offer Predictions for New Gold Inc.’s FY2026 Earnings (NYSE:NGD)

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial issued their FY2026 earnings per share estimates for shares of New Gold in a report issued on Wednesday, May 1st. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.26 per share for the year. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.09 per share.

New Gold (NYSE:NGD) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. New Gold had a positive return on equity of 5.23% and a negative net margin of 9.81%. The company had revenue of $192.10 million during the quarter.

Several other analysts have also weighed in on NGD. StockNews.com upgraded New Gold from a “hold” rating to a “buy” rating in a report on Wednesday. Scotiabank increased their target price on shares of New Gold from $1.65 to $2.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.64.

New Gold Stock Down 0.5 %

NYSE:NGD opened at $1.81 on Friday. The company has a market capitalization of $1.25 billion, a PE ratio of -18.10, a P/E/G ratio of 0.57 and a beta of 1.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.51 and a quick ratio of 0.98. New Gold has a 1 year low of $0.86 and a 1 year high of $1.95.

Hedge Funds Weigh In On New Gold

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in shares of New Gold by 35.8% in the third quarter. SG Americas Securities LLC now owns 324,687 shares of the company’s stock worth $295,000 after purchasing an additional 85,605 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of New Gold by 147.3% during the third quarter. Mackenzie Financial Corp now owns 2,157,344 shares of the company’s stock worth $2,124,000 after acquiring an additional 1,284,920 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of New Gold during the third quarter valued at approximately $61,000. Heartland Advisors Inc. purchased a new stake in shares of New Gold in the third quarter valued at approximately $3,185,000. Finally, Deutsche Bank AG grew its stake in New Gold by 24.6% in the third quarter. Deutsche Bank AG now owns 2,824,635 shares of the company’s stock worth $2,570,000 after purchasing an additional 556,765 shares in the last quarter. Hedge funds and other 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.