FY2018 EPS Estimates for New Gold Inc. (NGD) Lifted by Beacon Securities

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at Beacon Securities boosted their FY2018 earnings per share estimates for New Gold in a research note issued to investors on Thursday. Beacon Securities analyst M. Curran now forecasts that the company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.22.

A number of other equities analysts also recently commented on the company. Laurentian Bank of Canada reiterated a “buy” rating and set a C$4.75 price objective on shares of New Gold in a research report on Tuesday, December 19th. Canaccord Genuity upgraded New Gold from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$4.75 to C$5.75 in a research report on Friday, October 20th. Desjardins reiterated a “sell” rating on shares of New Gold in a research report on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of New Gold in a research report on Thursday, November 16th. Finally, Laurentian set a C$4.75 price objective on New Gold and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. New Gold has an average rating of “Hold” and an average price target of C$4.94.

Shares of New Gold (NGD) traded down C$0.10 during trading on Friday, reaching C$3.87. The company had a trading volume of 1,955,379 shares, compared to its average volume of 1,130,396. New Gold has a 52-week low of C$3.11 and a 52-week high of C$5.79. The stock has a market capitalization of $2,230.00, a P/E ratio of 32.25 and a beta of -0.28.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings data on Wednesday, October 25th. The company reported C$0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.01. New Gold had a return on equity of 5.05% and a net margin of 20.49%. COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for New Gold Inc. (NGD) Lifted by Beacon Securities” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/19/fy2018-eps-estimates-for-new-gold-inc-ngd-lifted-by-beacon-securities.html.

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.

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

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