New Gold Inc. (TSE:NGD) (ARCA:NGD) – Research analysts at Beacon Securities decreased their Q4 2017 earnings estimates for New Gold in a note issued to investors on Tuesday. Beacon Securities analyst M. Curran now forecasts that the company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of ($0.02). Beacon Securities also issued estimates for New Gold’s FY2018 earnings at $0.22 EPS and FY2019 earnings at $0.33 EPS.

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A number of other brokerages have also recently issued reports on NGD. Scotiabank raised shares of New Gold to a “sector perform” rating and set a C$5.00 price objective for the company in a research note on Friday, September 29th. Canaccord Genuity upped their price objective on shares of New Gold from C$4.25 to C$4.75 in a research note on Friday, September 29th. Finally, National Bank Financial upped their price objective on shares of New Gold from C$5.00 to C$5.25 and gave the company an “outperform” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$5.00.

In related news, Director James Estey sold 28,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$4.77, for a total value of C$133,560.00.

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.

Earnings History and Estimates for New Gold (TSE:NGD)

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