FY2017 EPS Estimates for New Gold Inc. Lowered by National Bank Financial (NGD)
New Gold Inc. (TSE:NGD) (ARCA:NGD) – National Bank Financial decreased their FY2017 EPS estimates for New Gold in a report issued on Tuesday. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $0.13 for the year, down from their prior forecast of $0.15. National Bank Financial has a “Outperform” rating and a $5.25 price objective on the stock.
Other analysts also recently issued reports about the stock. Canaccord Genuity boosted their target price on shares of New Gold from C$4.25 to C$4.75 in a report on Friday, September 29th. Scotiabank upgraded shares of New Gold to a “sector perform” rating and set a C$5.00 target price on the stock in a report on Friday, September 29th. Three investment 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 stock presently has an average rating of “Hold” and an average price target of C$4.89.
Shares of New Gold (NGD) opened at 4.46 on Thursday. The firm has a market capitalization of $2.57 billion and a price-to-earnings ratio of 45.98. The stock 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.
In other news, Director James Estey sold 28,000 shares of New Gold 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 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.
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