New Gold Inc. (NGD) Forecasted to Post Q3 2016 Earnings of $0.03 Per Share
New Gold Inc. (TSE:NGD) – Equities research analysts at National Bank Financial decreased their Q3 2016 EPS estimates for shares of New Gold in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will earn $0.03 per share for the quarter, down from their previous forecast of $0.05. National Bank Financial also issued estimates for New Gold’s FY2017 earnings at $0.09 EPS.
Several other research firms also recently issued reports on NGD. Royal Bank Of Canada restated a “sector perform” rating on shares of New Gold in a research note on Wednesday, June 29th. Canaccord Genuity upgraded New Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from C$6.25 to C$7.75 in a research note on Tuesday, July 12th. Finally, Desjardins downgraded New Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$5.18.
New Gold (TSE:NGD) traded down 1.90% on Friday, reaching $5.15. The company’s stock had a trading volume of 507,969 shares. The company’s market cap is $2.64 billion. New Gold has a 12 month low of $2.56 and a 12 month high of $7.87. The company has a 50-day moving average price of $6.02 and a 200 day moving average price of $5.88.
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New Gold Company Profile
New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.
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