New Gold (NGD) to Release Earnings on Tuesday

New Gold (TSE:NGD) (ARCA:NGD) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect New Gold to post earnings of C($0.03) per share for the quarter.

New Gold (TSE:NGD) (ARCA:NGD) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.04). The business had revenue of C$271.22 million during the quarter. New Gold had a negative return on equity of 7.38% and a negative net margin of 8.20%.

New Gold Stock Up 0.4 %

New Gold stock opened at C$2.49 on Monday. The company has a debt-to-equity ratio of 50.84, a current ratio of 1.54 and a quick ratio of 1.64. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -20.75, a PEG ratio of -3.02 and a beta of 1.52. New Gold has a 1-year low of C$1.17 and a 1-year high of C$2.67. The business has a fifty day moving average price of C$2.15 and a 200-day moving average price of C$1.89.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NGD shares. Canaccord Genuity Group raised their target price on New Gold from C$2.75 to C$3.00 in a research note on Tuesday, April 23rd. National Bank Financial restated a “sector perform spec overwgt” rating on shares of New Gold in a research note on Monday, April 8th. Bank of America raised their target price on New Gold from C$1.90 to C$2.30 in a research note on Tuesday, April 9th. Finally, National Bankshares reduced their target price on New Gold from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 20th.

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.