New Gold Inc. (NGD) Forecasted to Post Q2 2017 Earnings of $0.03 Per Share
New Gold Inc. (TSE:NGD) (ARCA:NGD) – National Bank Financial issued their Q2 2017 earnings per share estimates for New Gold in a report issued on Sunday. National Bank Financial analyst M. Parkin anticipates that the company will earn $0.03 per share for the quarter. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for New Gold’s FY2017 earnings at $0.15 EPS, FY2018 earnings at $0.24 EPS, FY2019 earnings at $0.30 EPS and FY2020 earnings at $0.29 EPS.
Other research analysts have also recently issued research reports about the company. Scotiabank reissued a “sector perform” rating and issued a C$4.00 target price on shares of New Gold in a research note on Wednesday, April 26th. TD Securities reissued a “buy” rating and issued a C$7.00 target price on shares of New Gold in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$4.62.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/26/new-gold-inc-ngd-forecasted-to-post-q2-2017-earnings-of-0-03-per-share.html.
Shares of New Gold (NGD) opened at 3.75 on Wednesday. New Gold has a 12 month low of $3.11 and a 12 month high of $7.87. The company has a market cap of $2.16 billion and a price-to-earnings ratio of 133.93. The company’s 50-day moving average price is $3.93 and its 200-day moving average price is $4.10.
About New Gold
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.
Receive News & Ratings for New Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.