Q1 2020 EPS Estimates for New Gold Inc Cut by Analyst (TSE:NGD)

Share on StockTwits

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.

Read More: Certificate of Deposit (CD) For Risk Adverse Investors?

Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Oregon Public Employees Retirement Fund Sells 300 Shares of Hub Group Inc
Oregon Public Employees Retirement Fund Sells 300 Shares of Hub Group Inc
Matador Resources Co  Shares Sold by Oregon Public Employees Retirement Fund
Matador Resources Co Shares Sold by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund Reduces Position in Avis Budget Group Inc.
Oregon Public Employees Retirement Fund Reduces Position in Avis Budget Group Inc.
Oregon Public Employees Retirement Fund Reduces Position in Healthcare Services Group, Inc.
Oregon Public Employees Retirement Fund Reduces Position in Healthcare Services Group, Inc.
Oregon Public Employees Retirement Fund Has $735,000 Position in Taubman Centers, Inc.
Oregon Public Employees Retirement Fund Has $735,000 Position in Taubman Centers, Inc.
Oregon Public Employees Retirement Fund Reduces Position in United States Steel Co.
Oregon Public Employees Retirement Fund Reduces Position in United States Steel Co.


 
© 2006-2020 Zolmax.