National Bank Financial Analysts Reduce Earnings Estimates for New Gold Inc. (NGD)
New Gold Inc. (ARCA:NGD) – Analysts at National Bank Financial decreased their FY2017 earnings estimates for shares of New Gold in a research note issued to investors on Thursday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings of $0.12 per share for the year, down from their prior estimate of $0.13.
Separately, Desjardins raised New Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 16th.
New Gold (ARCA:NGD) opened at 3.85 on Monday. The firm has a 50-day moving average price of $4.74 and a 200 day moving average price of $4.54. The company’s market capitalization is $1.97 billion. New Gold has a 12 month low of $1.76 and a 12 month high of $6.04.
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