New Gold Inc. (TSE:NGD) Price Target Raised to C$5.25 at National Bank Financial
New Gold Inc. (TSE:NGD) (ARCA:NGD) had its target price lifted by National Bank Financial from C$5.00 to C$5.25 in a research note published on Friday, July 28th. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for New Gold’s Q2 2017 earnings at $0.03 EPS, FY2017 earnings at $0.15 EPS, FY2018 earnings at $0.24 EPS, FY2019 earnings at $0.30 EPS and FY2020 earnings at $0.29 EPS.
A number of other brokerages have also recently weighed in on NGD. Scotiabank reiterated a sector perform rating and issued a C$4.00 price objective on shares of New Gold in a research note on Wednesday, April 26th. TD Securities restated a buy rating and set a C$7.00 price target on shares of New Gold in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. New Gold has an average rating of Hold and a consensus target price of C$4.69.
New Gold (NGD) opened at 4.37 on Friday. New Gold has a 12 month low of $3.11 and a 12 month high of $7.46. The stock has a market capitalization of $2.52 billion and a price-to-earnings ratio of 45.05. The company has a 50 day moving average of $4.04 and a 200 day moving average of $3.97.
New Gold Company Profile
New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It explores for gold, silver, and copper deposits. The companys operating properties include the New Afton project located to the northeast of Vancouver in the south-central interior of British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; the Peak mines located in New South Wales, Australia; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
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