New Gold (TSE:NGD) (ARCA:NGD) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 14th. Analysts expect New Gold to post earnings of C($0.02) per share for the quarter.
Shares of NGD opened at C$1.62 on Tuesday. The company has a market capitalization of $844.97 million and a PE ratio of -1.35. The company has a debt-to-equity ratio of 56.00, a quick ratio of 1.19 and a current ratio of 3.61. New Gold has a one year low of C$0.90 and a one year high of C$3.66.
Several research analysts have recently commented on the company. BMO Capital Markets boosted their target price on New Gold from C$1.25 to C$1.50 in a report on Wednesday, January 9th. Eight Capital set a C$1.65 target price on New Gold and gave the stock a “neutral” rating in a report on Friday, February 1st. National Bank Financial boosted their target price on New Gold from C$1.70 to C$1.80 and gave the stock a “sector perform” rating in a report on Monday, January 14th. Finally, Canaccord Genuity reduced their price objective on New Gold from C$1.50 to C$1.10 in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$1.38.
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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 New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
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