Desjardins Comments on New Gold Inc.’s FY2018 Earnings (NGD)

New Gold Inc. (TSE:NGD) (ARCA:NGD) – Equities researchers at Desjardins issued their FY2018 earnings per share (EPS) estimates for shares of New Gold in a report issued on Monday. Desjardins analyst J. Wolfson expects that the company will earn $0.12 per share for the year. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for New Gold’s FY2019 earnings at $0.15 EPS and FY2021 earnings at $0.06 EPS.

NGD has been the topic of several other reports. Canaccord Genuity raised New Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$4.75 to C$5.75 in a research report on Friday, October 20th. Eight Capital reaffirmed a “buy” rating on shares of New Gold in a research report on Thursday, November 16th. Finally, Scotiabank raised New Gold to a “sector perform” rating and set a C$5.00 price target for the company in a research note on Friday, September 29th. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$5.00.

Shares of New Gold (TSE NGD) traded up C$0.05 during midday trading on Tuesday, reaching C$3.86. The company’s stock had a trading volume of 724,615 shares, compared to its average volume of 1,497,305. New Gold has a 1 year low of C$3.11 and a 1 year high of C$5.79.

In other news, Director James Estey sold 28,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of C$4.77, for a total value of C$133,560.00.

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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.

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

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