New Gold (TSE:NGD) (ARCA:NGD) will issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of C$0.02 per share for the quarter.
Shares of New Gold (TSE:NGD) opened at C$3.37 on Tuesday. New Gold has a 1-year low of C$3.21 and a 1-year high of C$5.16. The firm has a market capitalization of $1,930.00, a PE ratio of 28.08 and a beta of -0.27.
NGD has been the subject of a number of recent analyst reports. Laurentian Bank of Canada reiterated a “buy” rating and set a C$4.75 price target on shares of New Gold in a report on Tuesday, December 19th. Canaccord Genuity upgraded New Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$4.75 to C$5.75 in a research note on Friday, October 20th. Desjardins restated a “sell” rating on shares of New Gold in a research note on Monday, December 11th. Eight Capital reduced their target price on New Gold from C$5.50 to C$5.00 in a research note on Thursday, January 18th. Finally, Laurentian set a C$4.75 target price on New Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$5.10.
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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