New Gold (NGD) to Release Earnings on Tuesday

New Gold (TSE:NGD) (ARCA:NGD) will be posting 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 results on Tuesday, February 13th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.04). New Gold had a negative return on equity of 7.38% and a negative net margin of 8.20%. The company had revenue of C$271.22 million for the quarter.

New Gold Price Performance

NGD opened at C$2.49 on Monday. The stock’s 50 day simple moving average is C$2.15 and its 200 day simple moving average is C$1.89. The company has a debt-to-equity ratio of 50.84, a current ratio of 1.54 and a quick ratio of 1.64. New Gold has a 1 year low of C$1.17 and a 1 year high of C$2.67. The firm has a market cap 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of New Gold in a report on Monday, April 8th. Bank of America increased their price objective on New Gold from C$1.90 to C$2.30 in a report on Tuesday, April 9th. Canaccord Genuity Group increased their price objective on New Gold from C$2.75 to C$3.00 in a report on Tuesday, April 23rd. Finally, National Bankshares dropped their price objective on New Gold from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a report 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.