New Gold Inc. to Post FY2017 Earnings of $0.13 Per Share, National Bank Financial Forecasts (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial lowered their FY2017 earnings estimates for shares of New Gold in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.13 per share for the year, down from their previous forecast of $0.15. National Bank Financial currently has a “Outperform” rating and a $5.25 price target on the stock.

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Several other brokerages have also issued reports on NGD. Scotiabank upgraded New Gold to a “sector perform” rating and set a C$5.00 target price on the stock in a research note on Friday, September 29th. Canaccord Genuity boosted their target price on New Gold from C$4.25 to C$4.75 in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$4.89.

New Gold (TSE:NGD) opened at 4.41 on Thursday. The firm has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.22. New Gold has a one year low of $3.11 and a one year high of $6.09. The firm has a market capitalization of $2.54 billion and a price-to-earnings ratio of 45.46.

In other news, Director James Estey sold 28,000 shares of New Gold stock in a transaction on Friday, September 15th. The stock was sold at an average price of C$4.77, for a total value of C$133,560.00.

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 dev

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at National Bank Financial lowered their FY2017 earnings estimates for shares of New Gold in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.13 per share for the year, down from their previous forecast of $0.15. National Bank Financial currently has a “Outperform” rating and a $5.25 price target on the stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/19/new-gold-inc-to-post-fy2017-earnings-of-0-13-per-share-national-bank-financial-forecasts-ngd.html.

Several other brokerages have also issued reports on NGD. Scotiabank upgraded New Gold to a “sector perform” rating and set a C$5.00 target price on the stock in a research note on Friday, September 29th. Canaccord Genuity boosted their target price on New Gold from C$4.25 to C$4.75 in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$4.89.

New Gold (TSE:NGD) opened at 4.41 on Thursday. The firm has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.22. New Gold has a one year low of $3.11 and a one year high of $6.09. The firm has a market capitalization of $2.54 billion and a price-to-earnings ratio of 45.46.

In other news, Director James Estey sold 28,000 shares of New Gold stock in a transaction on Friday, September 15th. The stock was sold at an average price of C$4.77, for a total value of C$133,560.00.

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.

Earnings History and Estimates for New Gold (TSE:NGD)

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