New Gold Inc (TSE:NGD) Expected to Earn Q3 2019 Earnings of $0.01 Per Share

New Gold Inc (TSE:NGD) (ARCA:NGD) – Equities researchers at Raymond James boosted their Q3 2019 earnings per share (EPS) estimates for New Gold in a research note issued on Friday, October 18th. Raymond James analyst P. Russo now anticipates that the company will post earnings of $0.01 per share for the quarter, up from their prior estimate of ($0.01).

New Gold (TSE:NGD) (ARCA:NGD) last posted its quarterly earnings data on Thursday, August 1st. The company reported C($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.02) by C$0.01. The company had revenue of C$207.47 million for the quarter, compared to analyst estimates of C$216.59 million.

A number of other analysts also recently issued reports on NGD. Cormark increased their target price on shares of New Gold from C$1.15 to C$1.35 in a research report on Thursday, June 27th. BMO Capital Markets increased their target price on shares of New Gold from C$1.50 to C$2.00 in a research report on Friday, August 2nd. National Bank Financial dropped their target price on shares of New Gold from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research report on Monday. Eight Capital increased their target price on shares of New Gold from C$1.30 to C$1.75 in a research report on Thursday, August 8th. Finally, Canaccord Genuity increased their target price on shares of New Gold from C$1.10 to C$1.80 in a research report on Friday, July 19th.

NGD opened at C$1.30 on Monday. The firm has a 50 day moving average price of C$1.47 and a 200 day moving average price of C$1.33. The company has a market cap of $764.43 million and a PE ratio of -0.80. New Gold has a 1 year low of C$0.82 and a 1 year high of C$2.03. The company has a debt-to-equity ratio of 90.64, a quick ratio of 1.03 and a current ratio of 2.08.

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 and Estimates for New Gold (TSE:NGD)

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