New Gold (NGD) to Release Quarterly Earnings on Tuesday

New Gold (TSE:NGD) (ARCA:NGD) will be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of C$0.02 per share for the quarter.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings results on Tuesday, April 30th. The company reported C$0.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.02. New Gold had a negative return on equity of 9.44% and a negative net margin of 9.81%. The firm had revenue of C$258.98 million for the quarter.

New Gold Trading Down 1.1 %

TSE NGD opened at C$2.82 on Monday. The business’s 50-day moving average price is C$2.87 and its two-hundred day moving average price is C$2.36. New Gold has a 12 month low of C$1.17 and a 12 month high of C$3.35. The firm has a market capitalization of C$1.95 billion, a PE ratio of -20.14, a price-to-earnings-growth ratio of -3.02 and a beta of 1.60. The company has a current ratio of 1.51, a quick ratio of 1.64 and a debt-to-equity ratio of 54.32.

Wall Street Analyst Weigh In

NGD has been the topic of a number of analyst reports. Scotiabank upgraded New Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 21st. CIBC upgraded New Gold from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$2.10 to C$3.00 in a research report on Monday, June 3rd. National Bank Financial upgraded New Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Bank of America upped their target price on New Gold from C$1.90 to C$2.30 in a research report on Tuesday, April 9th. Finally, BMO Capital Markets upped their target price on New Gold from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, New Gold has a consensus rating of “Buy” and an average target price of C$3.26.

New Gold Company Profile

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.