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New Gold Inc. (NYSE:NGD – Free Report) – Equities research analysts at National Bank Financial issued their Q2 2025 earnings per share estimates for New Gold in a research report issued on Tuesday, July 15th. National Bank Financial analyst M. Sidibe expects that the company will post earnings per share of $0.10 for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for New Gold’s FY2026 earnings at $0.99 EPS.
Other equities analysts have also issued reports about the company. CIBC increased their price objective on New Gold from $5.50 to $6.25 and gave the company an “outperformer” rating in a report on Tuesday. New Street Research set a $3.90 price objective on New Gold in a report on Wednesday, March 26th. Bank of America raised New Gold from an “underperform” rating to a “buy” rating and increased their price objective for the company from $2.60 to $3.90 in a report on Wednesday, March 26th. National Bankshares reissued an “outperform” rating on shares of New Gold in a report on Tuesday, June 24th. Finally, Raymond James Financial raised New Gold to a “hold” rating and set a $4.00 price objective for the company in a report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, New Gold currently has an average rating of “Buy” and an average target price of $4.38.
Check Out Our Latest Analysis on NGD
New Gold Stock Performance
Shares of NGD opened at $4.30 on Thursday. The stock has a 50 day moving average of $4.58 and a 200 day moving average of $3.64. New Gold has a 12 month low of $1.94 and a 12 month high of $5.16. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 33.08 and a beta of 0.45. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.
Hedge Funds Weigh In On New Gold
A number of large investors have recently made changes to their positions in the stock. SIH Partners LLLP purchased a new stake in shares of New Gold in the fourth quarter worth $27,000. Tudor Investment Corp ET AL purchased a new stake in shares of New Gold in the fourth quarter worth $27,000. Samalin Investment Counsel LLC purchased a new stake in shares of New Gold in the fourth quarter worth $32,000. Cary Street Partners Financial LLC purchased a new stake in shares of New Gold in the first quarter worth $37,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of New Gold in the fourth quarter worth $39,000. 42.82% of the stock is owned by institutional investors.
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.
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