Research Analysts Set Expectations for New Gold Inc.’s Q4 2017 Earnings (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Research analysts at Cormark increased their Q4 2017 earnings estimates for New Gold in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.01.

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 (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%.

A number of other research firms also recently weighed in on NGD. Canaccord Genuity decreased their price target on New Gold from C$5.75 to C$5.50 in a research note on Friday. Scotiabank raised New Gold to a “sector perform” rating and set a C$5.00 price objective for the company in a research report on Friday, September 29th. Laurentian set a C$4.75 price objective on New Gold and gave the company a “buy” rating in a research report on Tuesday, December 19th. Laurentian Bank of Canada reaffirmed a “buy” rating and issued a C$4.75 price objective on shares of New Gold in a research report on Tuesday, December 19th. Finally, Eight Capital reaffirmed a “buy” rating on shares of New Gold in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$4.94.

New Gold (TSE:NGD) opened at C$3.88 on Monday. The firm has a market capitalization of $2,230.00, a P/E ratio of 32.33 and a beta of -0.28. New Gold has a one year low of C$3.11 and a one year high of C$5.79.

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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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