FY2026 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (NYSE:NGD) – Scotiabank issued their FY2026 EPS estimates for New Gold in a report released on Wednesday, March 19th. Scotiabank analyst E. Winmill forecasts that the company will post earnings of $0.38 per share 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.

Separately, CIBC reduced their price objective on shares of New Gold from $3.60 to $3.40 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $3.60.

New Gold Trading Down 3.3 %

Shares of NGD stock opened at $3.22 on Monday. New Gold has a 52-week low of $1.56 and a 52-week high of $3.48. 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 company has a 50-day simple moving average of $2.93 and a two-hundred day simple moving average of $2.83. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 24.77 and a beta of 1.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in New Gold by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company’s stock valued at $62,363,000 after acquiring an additional 2,619,782 shares during the last quarter. Invesco Ltd. boosted its stake in New Gold by 3.6% in the fourth quarter. Invesco Ltd. now owns 13,481,005 shares of the company’s stock valued at $33,433,000 after acquiring an additional 469,748 shares during the last quarter. American Century Companies Inc. boosted its stake in New Gold by 3.9% in the fourth quarter. American Century Companies Inc. now owns 12,250,758 shares of the company’s stock valued at $30,577,000 after acquiring an additional 459,317 shares during the last quarter. Bank of Montreal Can boosted its stake in New Gold by 36.9% in the fourth quarter. Bank of Montreal Can now owns 9,703,381 shares of the company’s stock valued at $24,203,000 after acquiring an additional 2,613,285 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in New Gold by 97.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 9,482,782 shares of the company’s stock valued at $23,657,000 after acquiring an additional 4,671,399 shares during the last quarter. 42.82% of the stock is currently owned by hedge funds and other institutional investors.

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.