New Gold (NGD) Set to Announce Quarterly Earnings on Tuesday

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

New Gold Trading Down 3.3 %

Shares of NGD opened at C$2.33 on Tuesday. New Gold has a fifty-two week low of C$1.17 and a fifty-two week high of C$2.67. The stock has a fifty day moving average of C$2.08 and a two-hundred day moving average of C$1.86. The company has a debt-to-equity ratio of 50.84, a quick ratio of 1.64 and a current ratio of 1.54. The company has a market capitalization of C$1.60 billion, a PE ratio of -19.42, a price-to-earnings-growth ratio of -3.02 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NGD shares. Bank of America raised their price target on New Gold from C$1.90 to C$2.30 in a research note on Tuesday, April 9th. National Bankshares cut their price target on shares of New Gold from C$2.25 to C$2.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 20th. Finally, National Bank Financial reissued a “sector perform spec overwgt” rating on shares of New Gold in a research note on Monday, April 8th.

About New Gold

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.