New Gold Inc. (NGD) Expected to Post FY2018 Earnings of $0.12 Per Share
New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at Desjardins issued their FY2018 earnings per share estimates for shares of New Gold in a report issued on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings of $0.12 per share for the year. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for New Gold’s FY2019 earnings at $0.15 EPS and FY2021 earnings at $0.06 EPS.
Several other equities analysts have also weighed in on NGD. Canaccord Genuity increased their price objective 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 price objective on the stock in a report on Friday, September 29th. Finally, Eight Capital restated a “buy” rating on shares of New Gold in a report on Thursday, November 16th. Four 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 currently has an average rating of “Hold” and a consensus price target of C$5.00.
Shares of New Gold (NGD) traded up C$0.05 during midday trading on Tuesday, reaching C$3.86. 724,615 shares of the company traded hands, compared to its average volume of 1,494,072. New Gold has a fifty-two week low of C$3.11 and a fifty-two week high of C$5.79.
In other New Gold news, Director James Estey sold 28,000 shares of the stock in a transaction 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.
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.
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 Analyst Ratings Network's FREE daily email newsletter.