Research Analysts Issue Forecasts for New Gold Inc.’s Q3 2017 Earnings (NGD)

New Gold Inc. (TSE:NGD) – Stock analysts at Cormark cut their Q3 2017 earnings estimates for shares of New Gold in a research note issued to investors on Thursday. Cormark analyst R. Gray now expects that the brokerage will earn $0.08 per share for the quarter, down from their prior forecast of $0.11. Cormark also issued estimates for New Gold’s Q4 2017 earnings at $0.08 EPS and FY2017 earnings at $0.25 EPS.

Earnings History and Estimates for New Gold (TSE:NGD)

A number of other research analysts have also issued reports on NGD. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of New Gold in a report on Wednesday, June 29th. Desjardins lowered New Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. National Bank Financial lifted their target price on New Gold from C$6.50 to C$7.00 in a report on Wednesday, July 13th. Finally, Canaccord Genuity raised New Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$6.25 to C$7.75 in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$5.18.

New Gold (TSE:NGD) opened at 5.14 on Monday. New Gold has a one year low of $2.56 and a one year high of $7.87. The stock’s market capitalization is $2.64 billion. The stock’s 50 day moving average is $6.20 and its 200 day moving average is $5.87.

About New Gold

New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.

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