Research Analysts Set Expectations for New Gold Inc.’s Q3 2017 Earnings (NGD)
New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial issued their Q3 2017 earnings estimates for New Gold in a report issued on Tuesday. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.01 per share for the quarter. National Bank Financial has a “Outperform” rating and a $5.25 price objective on the stock. National Bank Financial also issued estimates for New Gold’s FY2018 earnings at $0.26 EPS.
Several other equities analysts also recently issued reports on the stock. Canaccord Genuity upgraded shares of New Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from C$4.75 to C$5.75 in a report on Friday. Scotiabank upgraded shares of New Gold to a “sector perform” rating and set a C$5.00 price objective on the stock in a report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. New Gold presently has a consensus rating of “Hold” and an average price target of C$5.00.
New Gold (TSE:NGD) opened at 4.61 on Friday. The company has a 50 day moving average of $4.70 and a 200 day moving average of $4.22. New Gold has a 52 week low of $3.11 and a 52 week high of $6.09. The company has a market capitalization of $2.66 billion and a price-to-earnings ratio of 47.53.
In other news, Director James Estey sold 28,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$4.77, for a total transaction of C$133,560.00.
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.
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