New Gold (NGD) Scheduled to Post Quarterly Earnings on Tuesday

New Gold (TSE:NGD) (ARCA:NGD) will be announcing its 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 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). 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 Stock Down 3.3 %

Shares of NGD opened at C$2.33 on Tuesday. The firm’s 50-day simple moving average is C$2.08 and its 200 day simple moving average is 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 firm has a market cap of C$1.60 billion, a P/E ratio of -19.42, a price-to-earnings-growth ratio of -3.02 and a beta of 1.52. New Gold has a 52 week low of C$1.17 and a 52 week high of C$2.67.

Analysts Set New Price Targets

Several analysts recently issued reports on NGD shares. National Bankshares reduced their price target on New Gold from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 20th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of New Gold in a research report on Monday, April 8th. Finally, Bank of America raised their price objective on New Gold from C$1.90 to C$2.30 in a research note on Tuesday, April 9th.

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.