New Gold Inc. (NYSE:NGD) Expected to Earn FY2026 Earnings of $0.26 Per Share

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial issued their FY2026 earnings per share estimates for shares of New Gold in a research note issued to investors on Wednesday, May 1st. National Bank Financial analyst M. Parkin anticipates that the company will earn $0.26 per share for the year. National Bank Financial currently 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 issued its earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $192.10 million during the quarter. New Gold had a positive return on equity of 5.23% and a negative net margin of 9.81%.

Several other research firms also recently weighed in on NGD. Scotiabank boosted their price target on shares of New Gold from $1.65 to $2.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. StockNews.com upgraded New Gold from a “hold” rating to a “buy” rating in a report on Wednesday. One 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 has a consensus rating of “Hold” and a consensus price target of $1.64.

New Gold Stock Down 0.5 %

Shares of New Gold stock opened at $1.81 on Friday. 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 52-week low of $0.86 and a 52-week high of $1.95. The firm has a market capitalization of $1.25 billion, a PE ratio of -18.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.53.

Institutional Investors Weigh In On New Gold

Several institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. bought a new position in shares of New Gold during the third quarter valued at approximately $3,185,000. Deutsche Bank AG raised its holdings in New Gold by 24.6% in the 3rd 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. Ingalls & Snyder LLC lifted its position in shares of New Gold by 116.6% in the 4th quarter. Ingalls & Snyder LLC now owns 123,842 shares of the company’s stock worth $181,000 after purchasing an additional 66,667 shares during the period. Mackenzie Financial Corp boosted its stake in shares of New Gold by 346.6% during the 4th quarter. Mackenzie Financial Corp now owns 9,635,055 shares of the company’s stock valued at $13,968,000 after purchasing an additional 7,477,711 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of New Gold by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 66,886,569 shares of the company’s stock valued at $97,655,000 after purchasing an additional 1,775,882 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.