FY2018 EPS Estimates for New Gold Inc. Boosted by Analyst (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Stock analysts at Beacon Securities raised their FY2018 EPS estimates for New Gold in a research report issued to clients and investors on Thursday. Beacon Securities analyst M. Curran now expects that the company will post earnings of $0.29 per share for the year, up from their prior forecast of $0.22.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings data on Wednesday, October 25th. The company reported C$0.01 EPS for the quarter, hitting analysts’ consensus estimates of C$0.01. New Gold had a net margin of 20.49% and a return on equity of 5.05%.

A number of other equities analysts also recently commented on NGD. Canaccord Genuity reduced their price objective on shares of New Gold from C$5.75 to C$5.50 in a research note on Friday. Eight Capital reduced their price objective on shares of New Gold from C$5.50 to C$5.00 in a research note on Thursday. Scotiabank raised shares of New Gold to a “sector perform” rating and set a C$5.00 price objective for the company in a research note on Friday, September 29th. Laurentian set a C$4.75 price objective on shares of New Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Desjardins reissued a “sell” rating on shares of New Gold in a research note on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$4.94.

New Gold (TSE NGD) opened at C$3.88 on Friday. The company has a market cap of $2,230.00, a P/E ratio of 32.33 and a beta of -0.28. New Gold has a 12 month low of C$3.11 and a 12 month high of C$5.79.

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About New Gold

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.

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

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