New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities research analysts at Desjardins issued their FY2017 earnings estimates for New Gold in a research note issued to investors on Monday. Desjardins analyst J. Wolfson expects that the company will post earnings of $0.06 per share for the year. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for New Gold’s Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2020 earnings at $0.10 EPS.
A number of other research analysts have also weighed in on the stock. Canaccord Genuity lifted their price target on shares of New Gold from C$4.25 to C$4.75 in a research note on Friday, September 29th. Scotiabank upgraded shares of New Gold to a “sector perform” rating and set a C$5.00 price target on the stock in a research note on Friday, September 29th. Finally, Eight Capital reissued a “buy” rating on shares of New Gold in a research report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$5.00.
New Gold (TSE:NGD) opened at C$3.86 on Wednesday. New Gold has a 1-year low of C$3.11 and a 1-year high of C$5.79.
In related news, Director James Estey sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of C$4.77, for a total transaction of C$133,560.00.
ILLEGAL ACTIVITY NOTICE: “Desjardins Weighs in on New Gold Inc.’s FY2017 Earnings (NGD)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/12/13/desjardins-weighs-in-on-new-gold-inc-s-fy2017-earnings-ngd.html.
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.
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.