New Gold Inc. (TSE:NGD) (ARCA:NGD) – National Bank Financial issued their Q4 2017 earnings per share estimates for New Gold in a report released on Wednesday. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.00 per share for the quarter.
NGD has been the topic of a number of other reports. Eight Capital cut their price objective on New Gold from C$5.50 to C$5.00 in a research report on Thursday, January 18th. Desjardins reiterated a “sell” rating on shares of New Gold in a research report on Monday, December 11th. Laurentian Bank of Canada restated a “buy” rating and set a C$4.75 price target on shares of New Gold in a research report on Tuesday, December 19th. Laurentian set a C$4.75 price target on New Gold and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, Canaccord Genuity upgraded New Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from C$4.75 to C$5.75 in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$5.10.
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.
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