New Gold Inc. (TSE:NGD) Forecasted to Post FY2017 Earnings of $0.09 Per Share

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at Desjardins upped their FY2017 earnings estimates for shares of New Gold in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Desjardins analyst J. Wolfson now forecasts that the company will earn $0.09 per share for the year, up from their previous estimate of $0.06. Desjardins has a “Sell” rating on the stock. Desjardins also issued estimates for New Gold’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.14 EPS.

NGD has been the subject of a number of other reports. Eight Capital lowered their target price on shares of New Gold from C$5.50 to C$5.00 in a report on Thursday, January 18th. Laurentian Bank of Canada restated 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 upgraded shares of New Gold from a “hold” rating to a “buy” rating and boosted 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 issued a hold rating and six have given a buy rating to the stock. New Gold has a consensus rating of “Buy” and an average price target of C$5.10.

Shares of New Gold (TSE:NGD) opened at C$3.53 on Tuesday. New Gold has a twelve month low of C$3.21 and a twelve month high of C$5.16. The stock has a market cap of $1,900.00, a P/E 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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