What is Scotiabank’s Estimate for New Gold FY2026 Earnings?

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 earn $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 cut their target price on shares of New Gold from $3.60 to $3.40 and set an “outperform” rating for the company in a report on Thursday, February 27th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $3.60.

New Gold Stock Up 0.3 %

NYSE NGD opened at $3.23 on Monday. The stock has a market cap of $2.55 billion, a PE ratio of 24.85 and a beta of 1.35. The stock’s 50 day moving average is $2.95 and its 200 day moving average is $2.83. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. New Gold has a 12 month low of $1.56 and a 12 month high of $3.48.

Institutional Investors Weigh In On New Gold

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in New Gold by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,471,000 shares of the company’s stock valued at $3,669,000 after purchasing an additional 4,500 shares during the period. Oxbow Advisors LLC raised its holdings in New Gold by 1.7% in the 4th quarter. Oxbow Advisors LLC now owns 277,000 shares of the company’s stock worth $687,000 after purchasing an additional 4,624 shares during the period. Bank of New York Mellon Corp grew its holdings in New Gold by 11.9% in the fourth quarter. Bank of New York Mellon Corp now owns 50,292 shares of the company’s stock valued at $125,000 after purchasing an additional 5,331 shares during the period. Captrust Financial Advisors increased its position in shares of New Gold by 17.6% in the third quarter. Captrust Financial Advisors now owns 44,700 shares of the company’s stock valued at $129,000 after buying an additional 6,700 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of New Gold by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,656 shares of the company’s stock worth $2,258,000 after buying an additional 7,367 shares during the period. 42.82% of the stock is 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.