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

New Gold (TSE:NGD) (ARCA:NGD) is scheduled to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

New Gold (TSE:NGD) (ARCA:NGD) last issued its earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.01. The business 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 NGD opened at C$4.01 on Friday. The company has a market cap of C$3.17 billion, a price-to-earnings ratio of -100.25, a PEG ratio of -3.02 and a beta of 1.59. New Gold has a 1-year low of C$1.44 and a 1-year high of C$4.37. The company’s fifty day simple moving average is C$3.77 and its 200 day simple moving average is C$3.12. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NGD shares. BMO Capital Markets boosted their target price on shares of New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. National Bankshares boosted their target price on shares of New Gold from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Cibc World Mkts upgraded shares of New Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group boosted 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 report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$3.71.

Insiders Place Their Bets

In other New Gold news, Senior Officer Sean William Keating sold 45,833 shares of New Gold stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total transaction of C$191,123.61. Company insiders own 4.92% of the company’s stock.

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.