New Gold Inc. (TSE:NGD) Given New C$5.25 Price Target at National Bank Financial
New Gold Inc. (TSE:NGD) (ARCA:NGD) had its target price upped by research analysts at National Bank Financial from C$5.00 to C$5.25 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 68.27% from the company’s previous close. National Bank Financial also issued estimates for New Gold’s Q2 2017 earnings at $0.03 EPS, 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.
Several other research analysts have also recently commented on the company. TD Securities reaffirmed a “buy” rating and issued a C$7.00 target price on shares of New Gold in a research report on Friday, April 28th. Scotiabank reissued a “sector perform” rating and set a C$4.00 price objective on shares of New Gold in a report on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$4.69.
New Gold (TSE NGD) traded up 1.53% on Friday, hitting $3.97. 584,294 shares of the stock were exchanged. The company’s 50 day moving average price is $3.92 and its 200-day moving average price is $4.09. The company has a market cap of $2.28 billion and a P/E ratio of 141.79. New Gold has a one year low of $3.11 and a one year high of $7.87.
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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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