New Gold Inc. (NASDAQ:NGD) Expected to Post Earnings of -$0.01 Per Share

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Equities research analysts expect New Gold Inc. (NASDAQ:NGD) to announce earnings per share (EPS) of ($0.01) for the current quarter, Zacks reports. Zero analysts have made estimates for New Gold’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). New Gold also posted earnings per share of ($0.01) during the same quarter last year. The business is scheduled to announce its next earnings results on Thursday, August 6th.

On average, analysts expect that New Gold will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.04). For the next year, analysts anticipate that the business will post earnings of $0.06 per share, with EPS estimates ranging from ($0.02) to $0.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow New Gold.

New Gold (NASDAQ:NGD) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $142.30 million during the quarter.

Separately, National Bank Financial upgraded New Gold from a “sector perform spec under wgt” rating to an “outperform spec under weight” rating in a research note on Thursday, May 21st.

NASDAQ NGD traded up $0.02 on Wednesday, hitting $1.21. 2,972,700 shares of the stock traded hands, compared to its average volume of 5,129,844. New Gold has a twelve month low of $0.39 and a twelve month high of $1.56.

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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