New Gold Inc. Forecasted to Earn FY2017 Earnings of $0.06 Per Share (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities researchers at National Bank Financial decreased their FY2017 earnings per share estimates for shares of New Gold in a research note issued to investors on Wednesday, according to Zacks Investment Research. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.06 for the year, down from their prior estimate of $0.08. National Bank Financial also issued estimates for New Gold’s FY2019 earnings at $0.37 EPS.

A number of other brokerages have also recently weighed in on NGD. Canaccord Genuity dropped their price target on shares of New Gold from C$5.75 to C$5.50 in a research report on Friday, January 19th. Laurentian set a C$4.75 price target on shares of New Gold and gave the company a “buy” rating in a research report on Tuesday, December 19th. Laurentian Bank of Canada reiterated a “buy” rating and set a C$4.75 price target on shares of New Gold in a research report on Tuesday, December 19th. Eight Capital reiterated a “buy” rating on shares of New Gold in a research report on Thursday, November 16th. Finally, Desjardins reiterated a “sell” rating on shares of New Gold in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$5.10.

Shares of New Gold (TSE NGD) traded down C$0.22 on Friday, hitting C$3.28. 1,225,400 shares of the company’s stock were exchanged, compared to its average volume of 1,173,990. New Gold has a 1-year low of C$3.21 and a 1-year high of C$5.16. The firm has a market capitalization of $1,900.00, a PE ratio of 27.33 and a beta of -0.27.

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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.

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

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