New Gold Inc. (ARCA:NGD) – Research analysts at Cormark increased their Q3 2017 earnings per share estimates for shares of New Gold in a research note issued on Monday. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.02 for the quarter, up from their prior estimate of $0.01.
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A number of other brokerages have also commented on NGD. ValuEngine raised New Gold from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub raised New Gold from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Finally, National Bank Financial reissued an “outperform” rating on shares of New Gold in a report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold”.
New Gold (ARCA NGD) opened at 3.68 on Wednesday. The firm has a market capitalization of $2.12 billion, a PE ratio of 37.94 and a beta of 0.15. New Gold has a 1-year low of $2.39 and a 1-year high of $4.52. The stock’s 50 day moving average is $3.81 and its 200-day moving average is $3.26.
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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