Research Analysts Issue Forecasts for New Gold Inc.’s Q1 2018 Earnings (NGD)
New Gold Inc. (TSE:NGD) (ARCA:NGD) – Beacon Securities issued their Q1 2018 earnings per share estimates for shares of New Gold in a research note issued to investors on Thursday. Beacon Securities analyst M. Curran expects that the company will post earnings of $0.03 per share for the quarter. Beacon Securities also issued estimates for New Gold’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.08 EPS, FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.21 EPS.
Several other analysts have also recently commented on the stock. Laurentian Bank of Canada restated a “buy” rating and issued a C$4.75 target price on shares of New Gold in a research note on Tuesday, December 19th. Desjardins restated a “sell” rating on shares of New Gold in a research note on Monday, December 11th. Eight Capital reduced their target price on shares of New Gold from C$5.50 to C$5.00 in a research note on Thursday, January 18th. Laurentian set a C$4.75 target price on shares of New Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Canaccord Genuity reduced their target price on shares of New Gold from C$5.75 to C$5.50 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$5.22.
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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.
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