FY2026 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (NYSE:NGD) – Stock analysts at Scotiabank issued their FY2026 EPS estimates for shares of New Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst E. Winmill anticipates that the company will post earnings per share of $0.38 for the year. Scotiabank currently has a “Sector Outperform” 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.

A number of other brokerages also recently weighed in on NGD. National Bank Financial raised New Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC lowered their target price on shares of New Gold from $3.60 to $3.40 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, New Gold has a consensus rating of “Buy” and a consensus target price of $3.60.

New Gold Price Performance

NYSE NGD opened at $3.37 on Monday. The firm has a market cap of $2.67 billion, a P/E ratio of 25.93 and a beta of 1.35. The stock’s 50-day moving average is $2.96 and its two-hundred day moving average is $2.84. New Gold has a fifty-two week low of $1.56 and a fifty-two week high of $3.48. 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 Trading of New Gold

Several hedge funds and other institutional investors have recently bought and sold shares of NGD. Wellington Management Group LLP bought a new stake in shares of New Gold in the fourth quarter valued at about $2,830,000. PKO Investment Management Joint Stock Co acquired a new position in shares of New Gold in the fourth quarter valued at $874,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in New Gold by 0.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,656 shares of the company’s stock worth $2,258,000 after purchasing an additional 7,367 shares during the period. Wexford Capital LP bought a new position in shares of New Gold during the 4th quarter worth about $310,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of New Gold during the 4th quarter valued at about $43,000. 42.82% of the stock is currently 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.