FY2026 Earnings Estimate for New Gold Issued By Scotiabank

New Gold Inc. (NYSE:NGD) – Equities research analysts at Scotiabank issued their FY2026 EPS estimates for New Gold in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst E. Winmill forecasts that the company will post earnings of $0.38 per share for the year. Scotiabank has a “Sector Outperform” rating and a $4.00 price target on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share.

Separately, CIBC reduced their price target 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 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $3.60.

New Gold Trading Up 0.3 %

Shares of New Gold stock opened at $3.23 on Monday. New Gold has a fifty-two week low of $1.56 and a fifty-two week high of $3.48. The stock has a 50 day moving average of $2.95 and a 200 day moving average of $2.83. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 24.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39.

Hedge Funds Weigh In On New Gold

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in shares of New Gold by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company’s stock worth $62,363,000 after acquiring an additional 2,619,782 shares in the last quarter. Invesco Ltd. boosted its position in shares of New Gold by 3.6% in the 4th quarter. Invesco Ltd. now owns 13,481,005 shares of the company’s stock valued at $33,433,000 after purchasing an additional 469,748 shares during the period. American Century Companies Inc. increased its position in New Gold by 3.9% during the fourth quarter. American Century Companies Inc. now owns 12,250,758 shares of the company’s stock worth $30,577,000 after buying an additional 459,317 shares during the period. Bank of Montreal Can grew its position in shares of New Gold by 36.9% during the fourth quarter. Bank of Montreal Can now owns 9,703,381 shares of the company’s stock worth $24,203,000 after acquiring an additional 2,613,285 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in New Gold by 97.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 9,482,782 shares of the company’s stock valued at $23,657,000 after purchasing an additional 4,671,399 shares during the last quarter. Institutional investors and hedge funds own 42.82% of the company’s stock.

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.