New Gold Inc. (ARCA:NGD) – Equities research analysts at National Bank Financial decreased their Q3 2016 earnings per share (EPS) estimates for New Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the brokerage will earn $0.02 per share for the quarter, down from their prior forecast of $0.04. National Bank Financial also issued estimates for New Gold’s FY2017 earnings at $0.07 EPS.
Separately, Desjardins downgraded shares of New Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th.
New Gold (ARCA:NGD) opened at 3.87 on Friday. The company’s 50-day moving average is $4.54 and its 200-day moving average is $4.54. New Gold has a one year low of $1.76 and a one year high of $6.04. The firm’s market capitalization is $1.98 billion.
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