Research Analysts Set Expectations for New Gold Q1 Earnings

New Gold Inc. (NYSE:NGD) – Stock analysts at Raymond James Financial boosted their Q1 2026 earnings per share (EPS) estimates for New Gold in a research note issued to investors on Wednesday, August 20th. Raymond James Financial analyst J. Elliott now anticipates that the company will post earnings per share of $0.22 for the quarter, up from their prior estimate of $0.19. Raymond James Financial has a “Hold” 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. Raymond James Financial also issued estimates for New Gold’s Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.88 EPS.

A number of other analysts have also commented on NGD. National Bankshares reiterated an “outperform” rating on shares of New Gold in a report on Tuesday, June 24th. CIBC lifted their price target on New Gold from $5.50 to $6.25 and gave the stock an “outperformer” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded New Gold from a “hold” rating to a “buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, New Gold currently has a consensus rating of “Buy” and an average price target of $4.38.

New Gold Stock Performance

Shares of New Gold stock opened at $5.71 on Monday. The business’s fifty day simple moving average is $4.79 and its 200 day simple moving average is $4.03. The firm has a market capitalization of $4.52 billion, a P/E ratio of 43.93 and a beta of 0.38. New Gold has a 12 month low of $2.31 and a 12 month high of $5.72. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Institutional Trading of New Gold

Hedge funds have recently made changes to their positions in the company. Financial Sense Advisors Inc. bought a new stake in shares of New Gold in the first quarter valued at $652,000. Foundry Partners LLC bought a new stake in shares of New Gold in the first quarter valued at $3,960,000. Dimensional Fund Advisors LP grew its position in shares of New Gold by 97.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,944,585 shares of the company’s stock valued at $14,742,000 after purchasing an additional 2,931,470 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of New Gold by 24.6% during the 4th quarter. Captrust Financial Advisors now owns 55,700 shares of the company’s stock valued at $138,000 after purchasing an additional 11,000 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in New Gold during the 1st quarter worth about $116,000. 42.82% of the stock is currently owned by 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.