Is New Gold (NGD) One of the Most Undervalued Canadian Stocks to Buy According to Hedge Funds?

1 month ago 22

Maham Fatima

Fri, February 6, 2026 astatine 9:35 AM CST 2 min read

New Gold Inc. (NYSEAMERICAN:NGD) is 1 of the most undervalued Canadian stocks to bargain according to hedge funds. On January 26, Scotiabank expert Eric Winmill raised the firm’s terms people connected New Gold to $12.75 from $10.50 with an Outperform rating. The steadfast is updating targets crossed its Gold & Precious Minerals coverage, driven by accrued forecasts for golden and silver. These higher projections are supported by economical and geopolitical uncertainty, arsenic good arsenic continued beardown buying from cardinal banks.

Earlier connected January 23, Canaccord raised its terms people for New Gold Inc. (NYSEAMERICAN:NGD) to C$18 from C$15 portion maintaining a Buy rating.

Is New Gold (NGD) One of the Most Undervalued Canadian Stocks to Buy According to Hedge Funds?

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In Q3 2025, New Gold Inc. (NYSEAMERICAN:NGD) reported an all-time accumulation grounds astatine its Rainy River excavation and beardown golden prices. The institution generated $205 cardinal successful escaped currency flow, a 225% summation implicit the erstwhile quarter, with Rainy River unsocial contributing a grounds $183 million. Consolidated accumulation reached 115,200 ounces of golden and 12 cardinal pounds of copper, portion all-in sustaining costs dropped importantly to $966 per golden ounce.

New Gold Inc. (NYSEAMERICAN:NGD) is an intermediate golden mining institution that develops and operates mineral properties successful Canada. It chiefly explores for gold, silver, and copper deposits.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.