New Gold Inc (TSE:NGD) (ARCA:NGD) – Equities researchers at Cormark dropped their Q1 2020 earnings per share estimates for New Gold in a report released on Monday, January 20th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.01. Cormark also issued estimates for New Gold’s Q2 2020 earnings at $0.00 EPS and FY2021 earnings at $0.04 EPS.
A number of other equities analysts have also recently commented on the company. BMO Capital Markets dropped their target price on New Gold from C$2.00 to C$1.50 in a report on Wednesday, December 18th. National Bank Financial reduced their target price on New Gold from C$1.50 to C$1.30 and set a “sector perform” rating on the stock in a research report on Monday, November 18th. Finally, Canaccord Genuity increased their price objective on New Gold from C$1.40 to C$1.60 in a report on Wednesday, January 15th.
TSE:NGD opened at C$1.31 on Tuesday. The company has a debt-to-equity ratio of 79.49, a current ratio of 1.80 and a quick ratio of 1.10. New Gold has a 1 year low of C$0.82 and a 1 year high of C$2.03. The stock’s 50 day simple moving average is C$1.17 and its two-hundred day simple moving average is C$1.38. The company has a market cap of $868.04 million and a price-to-earnings ratio of -0.95.
New Gold (TSE:NGD) (ARCA:NGD) last announced its earnings results on Wednesday, November 6th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$222.33 million during the quarter.
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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