RBC Capital analyst Josh Wolfson maintained a Sell rating on New Gold (NYSE:NGD) on Tuesday, setting a price target of $1.5, which is approximately 27.54% below the present share price of $2.07.
Wolfson expects New Gold to post earnings per share (EPS) of -$0.07 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in New Gold, with an average price target of $1.96.
The analysts price targets range from a high of $2.51 to a low of $1.5.
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 $1.4 billion.
According to TipRanks.com, RBC Capital analyst Josh Wolfson is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.7% and a 57.02% 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.