New Gold Inc. (NGD) to Post Q4 2017 Earnings of ($0.03) Per Share, Beacon Securities Forecasts
New Gold Inc. (ARCA:NGD) – Equities researchers at Beacon Securities lowered their Q4 2017 earnings estimates for shares of New Gold in a report issued on Tuesday. Beacon Securities analyst M. Curran now forecasts that the basic materials company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.02). Beacon Securities also issued estimates for New Gold’s FY2018 earnings at $0.17 EPS.
NGD has been the subject of several other research reports. BidaskClub raised New Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. National Bank Financial reaffirmed an “outperform” rating on shares of New Gold in a report on Sunday, July 23rd. Finally, ValuEngine downgraded New Gold from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. New Gold currently has a consensus rating of “Hold”.
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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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