FY2026 Earnings Forecast for New Gold Issued By Scotiabank

New Gold Inc. (NYSE:NGD) – Analysts at Scotiabank issued their FY2026 earnings per share (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 per share of $0.38 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.

NGD has been the topic of several other research reports. National Bank Financial upgraded New Gold to a “strong-buy” rating in a report on Friday, March 21st. CIBC dropped their price target on shares of New Gold from $3.60 to $3.40 and set an “outperform” rating for the company 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 given a strong buy rating to the stock. According to MarketBeat.com, New Gold presently has a consensus rating of “Buy” and a consensus price target of $3.60.

New Gold Price Performance

NGD opened at $3.37 on Monday. The company’s 50 day simple moving average is $2.96 and its 200-day simple moving average is $2.84. New Gold has a one year low of $1.56 and a one year high of $3.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market capitalization of $2.67 billion, a P/E ratio of 25.93 and a beta of 1.35.

Institutional Trading of New Gold

A number of hedge funds have recently modified their holdings of the company. SIH Partners LLLP bought a new stake in shares of New Gold in the 4th quarter valued at $27,000. Tudor Investment Corp ET AL acquired a new position in shares of New Gold in the 4th quarter valued at approximately $27,000. DGS Capital Management LLC bought a new stake in New Gold during the 4th quarter worth approximately $30,000. Samalin Investment Counsel LLC acquired a new stake in New Gold during the 4th quarter worth approximately $32,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in New Gold in the fourth quarter valued at approximately $39,000. 42.82% of the stock is currently owned by institutional investors and hedge funds.

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.