New Gold FY2026 EPS Increased by National Bank Financial

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Investment analysts at National Bank Financial boosted their FY2026 earnings per share estimates for shares of New Gold in a note issued to investors on Wednesday, October 30th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.73 per share for the year, up from their previous forecast of $0.44.

A number of other equities research analysts have also weighed in on NGD. Cibc World Mkts upgraded shares of New Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on New Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a report on Thursday, August 22nd. National Bankshares increased their price objective on New Gold from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their target price on New Gold from C$4.25 to C$4.50 in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$3.71.

New Gold Stock Up 0.8 %

TSE:NGD opened at C$3.86 on Monday. The stock has a fifty day simple moving average of C$3.82 and a 200-day simple moving average of C$3.17. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. The company has a market cap of C$3.05 billion, a price-to-earnings ratio of -96.50, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. New Gold has a twelve month low of C$1.47 and a twelve month high of C$4.37.

Insiders Place Their Bets

In related news, Senior Officer Sean William Keating sold 45,833 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$4.17, for a total transaction of C$191,123.61. 4.92% of the stock is owned by company insiders.

About New Gold

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.