New Gold (NGD) to Release Quarterly Earnings on Thursday

New Gold (TSE:NGD) (ARCA:NGD) is set to issue 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.

NGD stock traded up C$0.07 during trading on Tuesday, reaching C$1.94. The company’s stock had a trading volume of 1,290,318 shares, compared to its average volume of 1,545,333. New Gold has a 1 year low of C$0.82 and a 1 year 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 firm has a market cap of $1.07 billion and a P/E ratio of -0.93. The company has a fifty day moving average price of C$1.37.

NGD has been the subject of a number of analyst reports. National Bank Financial increased their price target on Yamana Gold from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Finally, Cormark increased their price target on New Gold from C$1.15 to C$1.35 in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. New Gold currently has a consensus rating of “Hold” and a consensus target price of C$1.42.

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.

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Earnings History for New Gold (TSE:NGD)

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