New Gold Inc. (NGD) Expected to Earn FY2017 Earnings of $0.12 Per Share
New Gold Inc. (ARCA:NGD) – Analysts at National Bank Financial cut their FY2017 earnings per share estimates for New Gold in a research note issued on Thursday. National Bank Financial analyst S. Parsons now expects that the firm will post earnings per share of $0.12 for the year, down from their prior estimate of $0.13.
Separately, Desjardins upgraded shares of New Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 16th.
Shares of New Gold (ARCA:NGD) traded down 0.25% on Monday, reaching $3.97. 1,536,390 shares of the company were exchanged. The stock’s market capitalization is $2.04 billion. The firm has a 50 day moving average price of $4.69 and a 200-day moving average price of $4.55. New Gold has a 12-month low of $1.76 and a 12-month high of $6.04.
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