EPS for New Gold Inc. (NGD) Expected At $0.03

July 18, 2017 - By Henry Gaston

 EPS for New Gold Inc. (NGD) Expected At $0.03

Wall Street await New Gold Inc. (TSE:NGD) to release earnings on July, 26. Analysts forecast EPS of $0.03, down exactly $0.01 or 25.00 % from 2014’s $0.04 EPS. The expected T_NGD’s profit could reach $17.47 million giving the stock 32.33 P/E in the case that $0.03 earnings per share is reported. After posting $0.02 EPS for the previous quarter, New Gold Inc.’s analysts now forecast 50.00 % EPS growth. The stock increased 3.47% or $0.13 on July 17, reaching $3.88. About 571,031 shares traded. New Gold Inc. (TSE:NGD) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

New Gold Inc. (TSE:NGD) Ratings Coverage

Among 10 analysts covering New Gold Inc. (TSE:NGD), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. New Gold Inc. had 28 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, January 31 the stock rating was downgraded by Scotia Capital to “Underperform”. The rating was maintained by Scotia Capital on Friday, April 28 with “Sector Perform”. The company was maintained on Friday, April 28 by TD Securities. Mackie downgraded New Gold Inc. (TSE:NGD) on Thursday, October 29 to “Hold” rating. The rating was maintained by RBC Capital Markets on Tuesday, November 17 with “Outperform”. The rating was initiated by JP Morgan on Thursday, February 4 with “Neutral”. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, December 20. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 7 report. The firm has “Underperform” rating by Credit Suisse given on Tuesday, January 31. On Wednesday, June 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

New Gold Inc. is an intermediate gold mining company. The company has market cap of $2.26 billion. The Firm is engaged in the development and operation of mineral properties. It has a 118.47 P/E ratio. The Company’s divisions include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.

More important recent New Gold Inc. (TSE:NGD) news were published by: Gurufocus.com which released: “Goldentree Asset Management Lp Buys Teekay Corp, New Gold Inc, Delta Air Lines …” on June 28, 2017, also Prnewswire.com published article titled: “New Gold to Discuss Second Quarter 2017 Financial Results on Thursday, July 27 …”, Marketwired.com published: “Parlane Closes Transaction with New Gold; Big Bear Property Sold for C$2.5 Million” on July 05, 2017. More interesting news about New Gold Inc. (TSE:NGD) was released by: Juniorminingnetwork.com and their article: “New Gold Provides Rainy River Development Update; Project Schedule and Cost …” with publication date: June 27, 2017.

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