The mean price target for the shares of New Gold Inc. (USA) (NYSEMKT:NGD)is at $4.77 while the highest price target suggested by the analysts is $6.50 and low price target is $3.06. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 164.53M by 3 analysts. The means estimate of sales for the year ending Dec 16 is 621.68M by 12 analysts.
The average estimate of EPS for the current fiscal quarter for New Gold Inc. (USA) (NYSEMKT:NGD)stands at $0.00 while the EPS for the current year is fixed at $0.02 by 15.00 analysts
The next one year’s EPS estimate is set at 0.08 by 17.00 analysts while a year ago the analysts suggested the company’s EPS at $0.02. The analysts also projected the company’s long-term growth at -25.31% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , New Gold Inc. (USA) (NYSEMKT:NGD)reported earnings of $0.00. The posted earnings missed the analyst’s consensus by $0.00. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
New Gold Inc. (USA) (NYSEMKT:NGD) traded up +2.39% during trading on Friday, hitting $4.38 . The stock had a trading volume of 4.3 M shares. The firm has a 50 day moving average of $4.30 and a 200-day moving average of $3.29. The stock has a market cap of $2.19B. On May 16, 2016 the shares registered one year high at $4.85 and the one year low was seen on Jan 20, 2016.
On April 28, 2016 New Gold Inc. (USA) (NYSEMKT:NGD) announces the voting results from the election of its Board of Directors at New Gold’s Annual General Meeting of Shareholders (the “Meeting”) held on April 27, 2016 in Toronto , Ontario.
Percentages are based on votes cast for or withheld from voting.
The results of the other matters considered at the Meeting are disclosed in the Report of Voting Results filed on SEDAR at www.sedar.com on April 28, 2016 .
ABOUT NEW GOLD INC.
New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and two significant development projects. The New Afton Mine in Canada , the Mesquite Mine in the United States , the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico , provide the company with its current production base. In addition, New Gold owns 100% of the Rainy River and Blackwater projects, both in Canada , as well as a 4% gold stream on the El Morro project located in Chile . New Gold’s objective is to be the leading intermediate gold producer, focused on the environment and social responsibility. For further information on the company, please visit www.newgold.com.
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