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

New Gold Inc. (NYSE:NGD) – Equities researchers at National Bank Financial issued their FY2026 earnings per share estimates for shares of New Gold in a report released on Wednesday, May 1st. National Bank Financial analyst M. Parkin expects 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.

A number of other equities analysts have also recently commented on the company. Scotiabank increased their target price on New Gold from $1.65 to $2.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. StockNews.com raised New Gold from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, New Gold currently has an average rating of “Hold” and a consensus price target of $1.64.

New Gold Stock Performance

NGD opened at $1.81 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of -18.10, a P/E/G ratio of 0.59 and a beta of 1.53. New Gold has a twelve month low of $0.86 and a twelve month high of $1.95. 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 (NYSE:NGD) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. New Gold had a negative net margin of 9.81% and a positive return on equity of 4.85%. The company had revenue of $192.10 million during the quarter.

Institutional Investors Weigh In On New Gold

Several hedge funds and other institutional investors have recently made changes to their positions in NGD. Heartland Advisors Inc. purchased a new stake in New Gold in the 3rd quarter valued at $3,185,000. Deutsche Bank AG grew its holdings in shares of New Gold by 24.6% in the third quarter. Deutsche Bank AG now owns 2,824,635 shares of the company’s stock valued at $2,570,000 after purchasing an additional 556,765 shares during the period. Ingalls & Snyder LLC increased its position in New Gold by 116.6% during the fourth 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 last quarter. Mackenzie Financial Corp raised its stake in New Gold by 346.6% during the fourth quarter. Mackenzie Financial Corp now owns 9,635,055 shares of the company’s stock worth $13,968,000 after purchasing an additional 7,477,711 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in New Gold by 2.7% in 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 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.