New Gold (TSE:NGD) (ARCA:NGD) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of C($0.02) per share for the quarter.
Shares of TSE:NGD traded down C$0.05 on Wednesday, hitting C$1.86. The stock had a trading volume of 516,681 shares, compared to its average volume of 1,542,619. New Gold has a twelve month low of C$0.82 and a twelve month high of C$2.03. The company has a quick ratio of 1.30, a current ratio of 2.35 and a debt-to-equity ratio of 85.97. The company has a 50 day moving average of C$1.39. The company has a market cap of $1.07 billion and a P/E ratio of -0.91.
Several research analysts recently issued reports on the stock. Cormark upped their price target on shares of New Gold from C$1.15 to C$1.35 in a research report on Thursday, June 27th. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, July 19th. Finally, National Bank Financial upped their price target on shares of Yamana Gold from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$1.42.
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.
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