NGD

New Gold Inc. /FI

NYSE · Metal Mining · Inc. A1 · CIK 0000800166

High Impact Filing (7/10)38 Institutional Exits

Vol

Inst. Holders50 funds

Inst. Value$2.1B

Inst. Activity0 buys / 38 sells

Reddit Sentiment50° Neutral

SEC Reports2

Exchange NYSE·Sector Metal Mining·Inc. A1·CIK 0000800166

Recent Activity

Apr 16, 2026 SEC

CIBC upgraded NGD from Neutral to Outperformer with a price target increase from $2.10 to $3.00 on June 3, 2024. The sto

ANALYST-UPGRADE — Impact 7/10

Mar 30, 2026 SEC

New Gold Inc. has filed Form 15 to terminate the registration of its Common Shares under Section 12(g) of the Securities

15-12G — Impact 6/10

Inst.

FMR LLC — EXIT

0 shares ($0.00)

Inst.

MORGAN STANLEY — EXIT

0 shares ($0.00)

Mar 13, 2026 short_interest

FTD: NGD — 325,074 shares ($3.5M) failed to deliver

Settlement: 20260313, Price: $10.72, FTD Value: $3,484,793.28, NEW GOLD INC

Price Targets

Historical data — last covering-analyst action Jan 2026. No current recommendation available.

$13.58 (Jan 2026)

Current $9.08 Low $12.75 Median $13.00 High $15.00 3 analysts

$12.75 $15.00

Analyst Ratings

Historical distribution80% buy · 10 analysts · last covering-analyst action Jan 2026

1Strong Buy

7Buy

2Hold

0Sell

0Strong Sell

Historical Analyst Actions

Date	Firm	Action	Rating
Jan 26, 2026	Scotiabank	MAINTAIN	Sector Outperform → Sector Outperform
Oct 23, 2025	Scotiabank	MAINTAIN	Sector Outperform → Sector Outperform
Oct 10, 2025	CIBC	MAINTAIN	Outperformer → Outperformer
Jul 15, 2025	CIBC	MAINTAIN	Outperformer → Outperformer
May 8, 2025	CIBC	MAINTAIN	Outperformer → Outperformer

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$0.43	$0.43 — $0.43	2050% YoY	1
Current FY	$1.47 ▲ +3.8%	$1.14 — $1.75	108% YoY	5
Next Q	$0.43	$0.43 — $0.43	291% YoY	1
Next FY	$1.18	$0.92 — $1.35	-20% YoY	3

Latest Reports

BULLISH ANALYST-UPGRADE 7/10

CIBC upgraded NGD from Neutral to Outperformer with a price target increase from $2.10 to $3.00 on June 3, 2024. The sto

Apr 16, 2026

NEUTRAL 15-12G 6/10

New Gold Inc. has filed Form 15 to terminate the registration of its Common Shares under Section 12(g) of the Securities

Mar 30, 2026

Top Institutional Holders

Fund	Value	Move
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$255.0M	EXIT
VANGUARD GROUP INC	$181.1M	ADD
RENAISSANCE TECHNOLOGIES LLC	$138.3M	EXIT
BALYASNY ASSET MANAGEMENT L.P.	$91.2M	EXIT
SOROS FUND MANAGEMENT LLC	$84.4M	EXIT

Reddit Sentiment

50°

Neutral

Bearish Neutral Bullish

1 mentions 0 bullish 0 bearish

50 institutional holders with $2.1B total value (243,115,171 shares) as of 2025-Q4. Top holders: ARROWSTREET, VANGUARD, RENAISSANCE. Net buying activity: 9 institutions added/increased vs 3 reduced.

Top Institutional Holders — 2025-Q4

#	Fund	Shares	Value	% of Tracked	Last Move
1	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	29,274,513	$255.0M	12.0%	EXIT -100.0%
2	VANGUARD GROUP INC	20,787,033	$181.1M	8.5%	ADD +81.2%
3	RENAISSANCE TECHNOLOGIES LLC	15,873,764	$138.3M	6.5%	EXIT -100.0%
4	BALYASNY ASSET MANAGEMENT L.P.	10,467,113	$91.2M	4.3%	EXIT -100.0%
5	SOROS FUND MANAGEMENT LLC	9,691,998	$84.4M	4.0%	EXIT -100.0%
6	BANK OF AMERICA CORP /DE/	8,824,959	$76.9M	3.6%	EXIT -100.0%
7	VOLORIDGE INVESTMENT MANAGEMENT, LLC	8,456,582	$73.7M	3.5%	EXIT -100.0%
8	FMR LLC	8,390,400	$73.1M	3.5%	EXIT -100.0%
9	MACKENZIE FINANCIAL CORP	7,105,367	$62.5M	2.9%	EXIT -100.0%
10	TWO SIGMA INVESTMENTS, LP	6,860,719	$59.8M	2.8%	—
11	NORGES BANK	6,419,767	$55.9M	2.6%	EXIT -100.0%
12	ALLIANCEBERNSTEIN L.P.	6,250,845	$54.4M	2.6%	NEW
13	SUSQUEHANNA INTERNATIONAL GROUP, LLP	6,161,600	$53.7M	2.5%	—
14	DEUTSCHE BANK AG\	5,985,031	$52.1M	2.5%	EXIT -100.0%
15	Amundi	5,946,288	$51.8M	2.4%	EXIT -100.0%
16	Invesco Ltd.	5,859,000	$51.0M	2.4%	EXIT -100.0%
17	DIMENSIONAL FUND ADVISORS LP	5,835,522	$50.8M	2.4%	EXIT -100.0%
18	Magnetar Financial LLC	5,064,109	$44.1M	2.1%	EXIT -100.0%
19	BANK OF MONTREAL /CAN/	4,989,621	$43.5M	2.1%	EXIT -100.0%
20	TORONTO DOMINION BANK	4,653,379	$40.5M	1.9%	EXIT -100.0%

Recent Position Changes

Fund	Action	Prev Shares	Change %	Value	Quarter
FMR LLC	EXIT	8,390,400	-100.0%	$0.00	2026-Q1
MORGAN STANLEY	EXIT	4,620,607	-100.0%	$0.00	2026-Q1
BANK OF AMERICA CORP /DE/	EXIT	8,824,959	-100.0%	$0.00	2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	EXIT	1,302,215	-100.0%	$0.00	2026-Q1
BANK OF MONTREAL /CAN/	EXIT	4,989,621	-100.0%	$0.00	2026-Q1
Invesco Ltd.	EXIT	5,859,000	-100.0%	$0.00	2026-Q1
NORGES BANK	EXIT	6,419,767	-100.0%	$0.00	2026-Q1
RENAISSANCE TECHNOLOGIES LLC	EXIT	15,873,764	-100.0%	$0.00	2026-Q1
SOROS FUND MANAGEMENT LLC	EXIT	9,691,998	-100.0%	$0.00	2026-Q1
FRANKLIN RESOURCES INC	EXIT	4,413,548	-100.0%	$0.00	2026-Q1
DIMENSIONAL FUND ADVISORS LP	EXIT	5,835,522	-100.0%	$0.00	2026-Q1
Legal & General Group Plc	EXIT	1,934,108	-100.0%	$0.00	2026-Q1
Amundi	EXIT	5,946,288	-100.0%	$0.00	2026-Q1
DEUTSCHE BANK AG\	EXIT	5,985,031	-100.0%	$0.00	2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	EXIT	29,274,513	-100.0%	$0.00	2026-Q1
TD ASSET MANAGEMENT INC	EXIT	3,613,298	-100.0%	$0.00	2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUP	EXIT	3,091,877	-100.0%	$0.00	2026-Q1
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	EXIT	1,500,015	-100.0%	$0.00	2026-Q1
NATIONAL BANK OF CANADA /FI/	EXIT	1,625,662	-100.0%	$0.00	2026-Q1
MARSHALL WACE, LLP	EXIT	1,620,326	-100.0%	$0.00	2026-Q1
MACKENZIE FINANCIAL CORP	EXIT	7,105,367	-100.0%	$0.00	2026-Q1
BALYASNY ASSET MANAGEMENT L.P.	EXIT	10,467,113	-100.0%	$0.00	2026-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	EXIT	1,188,230	-100.0%	$0.00	2026-Q1
TORONTO DOMINION BANK	EXIT	4,653,379	-100.0%	$0.00	2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C.	EXIT	1,550,000	-100.0%	$0.00	2026-Q1

∅

No insider trading data available yet. Insider transactions are collected from SEC Form 4 filings.

2 SEC filing reports analyzed. Sentiment: 1 bullish, 0 bearish, 0 mixed, 1 neutral. Avg impact: 6.5/10.

BULLISH ANALYST-UPGRADE 7/10

CIBC upgraded NGD from Neutral to Outperformer with a price target increase from $2.10 to $3.00 on J

Apr 16, 2026

NEUTRAL 15-12G 6/10

New Gold Inc. has filed Form 15 to terminate the registration of its Common Shares under Section 12(

Mar 30, 2026

∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Historical analyst distribution (last covering-analyst action Jan 2026): 80% buy across 10 analysts — 1 strong buy, 7 buy, 2 hold, 0 sell, 0 strong sell. No current recommendation available.

Analyst Price Targets

Historical data — last covering-analyst action Jan 2026. No current recommendation available.

$13.58 mean target (Jan 2026)

$12.75 Low $15.00 High

Metric	Value
Current Price	$9.08
Target Low	$12.75
Target Mean	$13.58
Target Median	$13.00
Target High	$15.00
# Analysts	3
Recommendation	— (no recent coverage)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-03-31	$0.43	$0.43	$0.43	2050.0%	+0.0%	4↑ 0↓	$0.0B	—	1
Current FY 2026-12-31	$1.47	$1.14	$1.75	107.6%	+3.8%	1↑ 0↓	$2.7B	79.8%	5
Next Q 2026-06-30	$0.43	$0.43	$0.43	290.9%	+0.0%	3↑ 0↓	$0.0B	—	1
Next FY 2027-12-31	$1.18	$0.92	$1.35	-20.0%	+0.0%	1↑ 0↓	$2.5B	-7.4%	3

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$0.430
7d ago	$0.353	+0.077
30d ago	$0.430
60d ago	$0.340	+0.090
90d ago	$0.263	+0.167

14 analyst firms have rated this stock: 14 upgrades, 13 downgrades, 2 initiations.

Historical Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
Jan 26, 2026	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Oct 23, 2025	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Oct 10, 2025	CIBC	MAINTAIN	Outperformer	Outperformer
Jul 15, 2025	CIBC	MAINTAIN	Outperformer	Outperformer
May 8, 2025	CIBC	MAINTAIN	Outperformer	Outperformer
Apr 14, 2025	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Apr 8, 2025	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Feb 13, 2025	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Sep 17, 2024	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Aug 19, 2024	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
Jul 10, 2024	CIBC	MAINTAIN	Outperformer	Outperformer
Jun 3, 2024	CIBC	UPGRADE	Neutral	Outperformer
May 31, 2024	BMO Capital	MAINTAIN	Outperform	Outperform
May 23, 2024	Scotiabank	MAINTAIN	Sector Outperform	Sector Outperform
May 21, 2024	Scotiabank	UPGRADE	Sector Perform	Sector Outperform
Apr 15, 2024	CIBC	MAINTAIN	Neutral	Neutral
Apr 8, 2024	Scotiabank	MAINTAIN	Sector Perform	Sector Perform
Dec 6, 2022	TD Securities	DOWNGRADE	Hold	Reduce
Oct 3, 2022	RBC Capital	UPGRADE	Sector Perform	Outperform
Jul 12, 2022	RBC Capital	MAINTAIN	—	Sector Perform
Sep 8, 2021	RBC Capital	UPGRADE	Underperform	Sector Perform
Oct 8, 2020	B of A Securities	MAINTAIN	—	Underperform
Aug 5, 2020	TD Securities	MAINTAIN	—	Hold
May 13, 2020	CIBC	MAINTAIN	—	Neutral
May 30, 2019	JP Morgan	DOWNGRADE	Neutral	Underweight
Apr 16, 2019	Credit Suisse	INITIATE	—	Neutral
Aug 20, 2018	Canaccord Genuity	UPGRADE	Sell	Hold
Aug 15, 2018	RBC Capital	DOWNGRADE	Sector Perform	Underperform
Jul 26, 2018	Credit Suisse	DOWNGRADE	Neutral	Underperform
Jun 20, 2018	TD Securities	DOWNGRADE	Buy	Hold
May 10, 2018	Scotiabank	UPGRADE	Sector Perform	Outperform
May 8, 2018	Credit Suisse	UPGRADE	Underperform	Neutral
Sep 29, 2017	Credit Suisse	MAINTAIN	—	Neutral
Jul 24, 2017	National Bank Financial Inc	UPGRADE	Sector Perform	Outperform
Sep 16, 2016	Desjardins	UPGRADE	Hold	Buy
Sep 8, 2016	Desjardins	DOWNGRADE	Buy	Hold
Sep 7, 2016	Canaccord Genuity	DOWNGRADE	Buy	Hold
Apr 18, 2016	Barclays	UPGRADE	Equal-Weight	Overweight
Mar 21, 2016	RBC Capital	DOWNGRADE	Outperform	Sector Perform
Mar 14, 2016	BMO Capital	DOWNGRADE	Outperform	Market Perform
Mar 9, 2016	Desjardins	UPGRADE	Hold	Buy
Feb 23, 2016	Desjardins	UPGRADE	Sell	Hold
Feb 16, 2016	Canaccord Genuity	DOWNGRADE	Buy	Hold
Feb 2, 2016	Desjardins	DOWNGRADE	Buy	Sell
Oct 8, 2015	CIBC	INITIATE	—	Sector Perform
Jul 9, 2015	Roth Capital	UPGRADE	Neutral	Buy
Jul 7, 2015	Morgan Stanley	DOWNGRADE	Overweight	Equal-Weight
May 1, 2015	Barclays	MAINTAIN	—	Equal-Weight
Apr 8, 2015	Desjardins	DOWNGRADE	Buy	Hold
Mar 18, 2015	Desjardins	UPGRADE	Hold	Buy

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Buy %
Jun 1, 2026	1	7	2	80%
May 1, 2026	1	7	2	80%
Apr 1, 2026	1	7	2	80%
Mar 1, 2026	1	7	2	80%
Feb 1, 2026	1	6	2	78%
Jan 1, 2026	1	6	2	78%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

50°

Neutral

Bearish Neutral Bullish

1 mentions 0 bullish 0 bearish 1 time period

Reddit Sentiment History

Date	Mentions	Sentiment	Bullish	Bearish	Threads
Feb 28, 2026	1	50° Neutral	0	0	1

Recent Reddit Threads

r/stocks Neutral 3mo ago

NGD option advice

▲ 1 💬 0 ⚡ 0.1

Mar 13, 2026

short_interest

FTD: NGD — 325,074 shares ($3.5M) failed to deliver

Settlement: 20260313, Price: $10.72, FTD Value: $3,484,793.28, NEW GOLD INC

Mar 3, 2026

short_interest

FTD: NGD — 56,817 shares ($0.8M) failed to deliver

Settlement: 20260303, Price: $13.33, FTD Value: $757,370.61, NEW GOLD INC

Feb 23, 2026

short_interest

FTD: NGD — 48,800 shares ($0.6M) failed to deliver

Settlement: 20260223, Price: $12.22, FTD Value: $596,336, NEW GOLD INC

Feb 17, 2026

short_interest

FTD: NGD — 54,373 shares ($0.6M) failed to deliver

Settlement: 20260217, Price: $11.06, FTD Value: $601,365.38, NEW GOLD INC

Feb 2, 2026

short_interest

FTD: NGD — 53,276 shares ($0.5M) failed to deliver

Settlement: 20260202, Price: $10.03, FTD Value: $534,358.28, NEW GOLD INC