New Gold Inc. (NGD) Given New C$5.25 Price Target at National Bank Financial
New Gold Inc. (TSE:NGD) (ARCA:NGD) had its price target upped by National Bank Financial from C$5.00 to C$5.25 in a research note released on Friday. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for New Gold’s Q2 2017 earnings at $0.03 EPS, FY2017 earnings at $0.15 EPS, FY2018 earnings at $0.24 EPS, FY2019 earnings at $0.30 EPS and FY2020 earnings at $0.29 EPS.
Several other analysts have also issued reports on the company. TD Securities reissued a buy rating and set a C$7.00 price target on shares of New Gold in a report on Friday, April 28th. Scotiabank reissued a sector perform rating and set a C$4.00 price target on shares of New Gold in a report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. New Gold has a consensus rating of Hold and a consensus target price of C$4.69.
New Gold (NGD) opened at 4.17 on Friday. The company has a market cap of $2.40 billion and a P/E ratio of 42.99. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $4.06. New Gold has a 52 week low of $3.11 and a 52 week high of $7.87.
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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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