New Gold Inc. (NYSE:NGD - Free Report) - Research analysts at Scotiabank issued their FY2026 earnings estimates for New Gold in a research report issued to clients and 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 has a "Sector Outperform" rating and a $4.00 price objective on the stock. The consensus estimate for New Gold's current full-year earnings is $0.25 per share.
Separately, CIBC dropped their target price on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, New Gold presently has a consensus rating of "Buy" and a consensus price target of $3.60.
View Our Latest Research Report on New Gold
Shares of NYSE:NGD opened at $3.22 on Monday. The firm has a market cap of $2.55 billion, a PE ratio of 24.77 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. New Gold has a 52 week low of $1.56 and a 52 week high of $3.48. The firm's fifty day moving average is $2.93 and its 200-day moving average is $2.83.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SIH Partners LLLP bought a new stake in New Gold in the fourth quarter valued at $27,000. Tudor Investment Corp ET AL bought a new stake in shares of New Gold during the fourth quarter worth about $27,000. DGS Capital Management LLC bought a new stake in shares of New Gold during the fourth quarter worth about $30,000. Samalin Investment Counsel LLC bought a new stake in shares of New Gold during the fourth quarter worth about $32,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of New Gold during the fourth quarter worth about $39,000. 42.82% of the stock is owned by institutional investors.
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.
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