New Gold Inc. to Post Q1 2018 Earnings of ($0.03) Per Share, National Bank Financial Forecasts (NGD)
New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at National Bank Financial issued their Q1 2018 EPS estimates for New Gold in a research note issued to investors on Sunday. National Bank Financial analyst S. Parsons expects that the company will post earnings of ($0.03) per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $4.60 price objective on the stock.
Other analysts have also issued research reports about the company. Canaccord Genuity decreased their price objective on New Gold from C$4.25 to C$4.00 in a report on Friday, February 3rd. Desjardins reduced their target price on New Gold from C$7.25 to C$5.00 in a research note on Tuesday, January 31st. Mackie reduced their target price on New Gold from C$5.00 to C$4.50 in a research note on Tuesday, February 21st. TD Securities reduced their target price on New Gold from C$6.00 to C$5.50 and set a “buy” rating for the company in a research note on Tuesday, January 31st. Finally, BMO Capital Markets reduced their target price on New Gold from C$5.25 to C$4.50 and set a “market perform” rating for the company in a research note on Tuesday, January 31st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$4.62.
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New Gold (TSE:NGD) traded up 2.16% on Wednesday, hitting $4.25. The stock had a trading volume of 924,487 shares. New Gold has a 52-week low of $3.11 and a 52-week high of $7.87. The company has a 50-day moving average price of $4.06 and a 200 day moving average price of $4.45. The firm has a market cap of $2.45 billion and a PE ratio of 151.79.
In related news, Director Vahan Kololian acquired 100,000 shares of New Gold stock in a transaction on Friday, March 10th. The stock was acquired at an average price of C$2.80 per share, for a total transaction of C$280,000.00. Also, insider Armando Ortega sold 23,333 shares of New Gold stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of C$3.68, for a total value of C$85,865.44.
New Gold Company Profile
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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