New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) is set to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect New Gold to post earnings of C$0.04 per share for the quarter.
New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.01. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. The company had revenue of C$298.55 million during the quarter.
New Gold Stock Down 1.2 %
Shares of TSE NGD opened at C$4.01 on Monday. New Gold has a 52-week low of C$1.44 and a 52-week high of C$4.37. The firm has a fifty day moving average of C$3.77 and a 200-day moving average of C$3.12. The stock has a market capitalization of C$3.17 billion, a PE ratio of -100.25, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. Cibc World Mkts raised shares of New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on shares of New Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, National Bankshares lifted their target price on shares of New Gold from C$4.00 to C$4.25 and gave the company an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$3.71.
Check Out Our Latest Stock Report on New Gold
About New Gold
New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
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