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) (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%.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/22/national-bank-financial-analysts-lift-earnings-estimates-for-new-gold-inc-ngd.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.
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.