New Gold (TSE:NGD - Get Free Report) ARCA: NGD is scheduled to be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect New Gold to post earnings of C$0.04 per share for the quarter.
New Gold (TSE:NGD - Get Free Report) ARCA: NGD last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.01. The firm had revenue of C$298.55 million for the quarter. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%.
New Gold Price Performance
Shares of TSE NGD traded up C$0.04 during trading on Tuesday, hitting C$4.15. The company had a trading volume of 889,215 shares, compared to its average volume of 1,438,393. The company has a market cap of C$3.28 billion, a P/E ratio of -102.75, a PEG ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The business's 50-day moving average is C$3.72 and its 200 day moving average is C$3.09. New Gold has a 52 week low of C$1.42 and a 52 week high of C$4.37.
Insiders Place Their Bets
In other news, Senior Officer Sean William Keating sold 45,833 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total value of C$191,123.61. Insiders own 4.92% of the company's stock.
Analyst Ratings Changes
NGD has been the subject of several analyst reports. BMO Capital Markets upped their target price on New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. National Bankshares upped their price objective on shares of New Gold from C$4.00 to C$4.25 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Canaccord Genuity Group lifted their target price on shares of New Gold from C$4.00 to C$4.50 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Cibc World Mkts upgraded shares of New Gold to a "strong-buy" rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$3.71.
View Our Latest Research Report on New Gold
New Gold Company Profile
(
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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.
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