New Gold Inc. (NGD) Forecasted to Earn Q4 2017 Earnings of $0.04 Per Share

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Analysts at Cormark raised their Q4 2017 earnings per share estimates for shares of New Gold in a report issued on Thursday, according to Zacks Investment Research. Cormark analyst R. Gray now expects that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.01.

NGD has been the topic of several other reports. Eight Capital decreased their target price on shares of New Gold from C$5.50 to C$5.00 in a report on Thursday, January 18th. Desjardins reissued a “sell” rating on shares of New Gold in a report on Monday, December 11th. Laurentian Bank of Canada reissued a “buy” rating and issued a C$4.75 target price on shares of New Gold in a report on Tuesday, December 19th. Laurentian set a C$4.75 target price on shares of New Gold and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Canaccord Genuity raised shares of New Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$4.75 to C$5.75 in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$5.10.

New Gold (NGD) traded up C$0.20 during trading hours on Monday, reaching C$3.53. 2,528,676 shares of the company were exchanged, compared to its average volume of 1,203,927. New Gold has a 1-year low of C$3.21 and a 1-year high of C$5.16. The company has a market capitalization of $1,900.00, a price-to-earnings ratio of 29.42 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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