National Bank analyst Mike Parkin maintained a Buy rating on New Gold (NYSE:NGD) on Monday, setting a price target of C$3.3, which is approximately 49.78% above the present share price of $1.67.
Parkin expects New Gold to post earnings per share (EPS) of -$0.07 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in New Gold, with an average price target of $1.85.
The analysts price targets range from a high of $2.5 to a low of $1.4.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $128.5 million and a net profit of $16.6 million. The company's market cap is $1.13 billion.
According to TipRanks.com, National Bank analyst Mike Parkin is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.8% and a 36.93% success rate.
New Gold Inc. is engaged in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.