National Bank Financial Analysts Lift Earnings Estimates for New Gold Inc. (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at National Bank Financial boosted their FY2018 earnings per share estimates for New Gold in a note issued to investors on Wednesday. National Bank Financial analyst M. Parkin now expects that the company will earn $0.25 per share for the year, up from their previous estimate of $0.24.

A number of other equities analysts have also recently issued reports on NGD. Canaccord Genuity lowered their target price on New Gold from C$5.75 to C$5.50 in a report on Friday. Eight Capital lowered their target price on New Gold from C$5.50 to C$5.00 in a report on Thursday. Scotiabank upgraded New Gold to a “sector perform” rating and set a C$5.00 target price for the company in a report on Friday, September 29th. 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, Desjardins reiterated a “sell” rating on shares of New Gold in a report on Monday, December 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. New Gold presently has an average rating of “Hold” and a consensus target price of C$4.94.

New Gold (TSE NGD) opened at C$3.88 on Monday. The stock has a market capitalization of $2,230.00, a PE ratio of 32.33 and a beta of -0.28. New Gold has a 1-year low of C$3.11 and a 1-year high of C$5.79.

New Gold (TSE:NGD) (ARCA:NGD) last released its earnings results on Wednesday, October 25th. The company reported C$0.01 earnings per share (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%.

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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.

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

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