New Gold (NGD) Set to Announce Earnings on Thursday

New Gold (NYSEAMERICAN:NGD) is set to release its earnings data before the market opens on Thursday, August 1st. Analysts expect New Gold to post earnings of ($0.02) per share for the quarter.

NGD stock traded down $0.03 during midday trading on Wednesday, hitting $1.44. The stock had a trading volume of 47,445 shares, compared to its average volume of 3,984,722. New Gold has a 52-week low of $0.61 and a 52-week high of $1.56.

Several equities research analysts have commented on the company. Credit Suisse Group assumed coverage on New Gold in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1.00 target price on the stock. Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a report on Friday, July 19th. Raymond James set a $33.00 target price on LKQ and gave the stock a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, CIBC reaffirmed a “hold” rating on shares of Sandstorm Gold in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $1.00.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

Further Reading: What are trading strategies for the 52-week high/low?

Earnings History for New Gold (NYSEAMERICAN:NGD)

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