FY2017 EPS Estimates for New Gold Inc. (NGD) Raised by Analyst

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Research analysts at Beacon Securities raised their FY2017 earnings per share (EPS) estimates for New Gold in a research report issued on Thursday. Beacon Securities analyst M. Curran now anticipates that the company will earn $0.07 per share for the year, up from their prior forecast of $0.01. Beacon Securities also issued estimates for New Gold’s Q4 2017 earnings at $0.04 EPS and FY2019 earnings at $0.29 EPS.

Several other research firms have also issued reports on NGD. Eight Capital reiterated a “buy” rating on shares of New Gold in a report on Thursday, November 16th. Desjardins reiterated a “sell” rating on shares of New Gold in a report on Monday, December 11th. Laurentian Bank of Canada reiterated a “buy” rating and set a C$4.75 target price on shares of New Gold in a report on Tuesday, December 19th. Laurentian set a C$4.75 target price on New Gold and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Canaccord Genuity dropped their target price on New Gold from C$5.75 to C$5.50 in a report on Friday. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$4.94.

Shares of New Gold (TSE:NGD) opened at C$3.88 on Monday. New Gold has a twelve month low of C$3.11 and a twelve month high of C$5.79. The stock has a market capitalization of $2,230.00, a PE ratio of 32.33 and a beta of -0.28.

New Gold (TSE:NGD) (ARCA:NGD) last posted its quarterly earnings data on Wednesday, October 25th. The company reported C$0.01 earnings per share for the quarter, hitting the consensus estimate of C$0.01. New Gold had a return on equity of 5.05% and a net margin of 20.49%.

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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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