New Gold Inc. to Post FY2016 Earnings of $0.07 Per Share, National Bank Financial Forecasts (NGD)
New Gold Inc. (ARCA:NGD) – Research analysts at National Bank Financial cut their FY2016 earnings estimates for New Gold in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the brokerage will post earnings of $0.07 per share for the year, down from their prior estimate of $0.10.
Separately, Desjardins raised New Gold from a “hold” rating to a “buy” rating in a report on Friday, September 16th.
New Gold (ARCA:NGD) opened at 3.93 on Monday. The company’s 50-day moving average price is $4.51 and its 200-day moving average price is $4.55. New Gold has a 12-month low of $1.76 and a 12-month high of $6.04. The stock’s market cap is $2.02 billion.
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