Q1 2019 Earnings Estimate for New Gold Inc Issued By Cormark (NGD)

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New Gold Inc (TSE:NGD) (ARCA:NGD) – Equities research analysts at Cormark boosted their Q1 2019 earnings estimates for New Gold in a research report issued on Wednesday, January 9th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.00 for the quarter, up from their previous estimate of ($0.01). Cormark also issued estimates for New Gold’s Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.00 EPS, Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.00 EPS and FY2020 earnings at $0.01 EPS.

A number of other analysts also recently commented on the company. BMO Capital Markets increased their price target on New Gold from C$1.25 to C$1.50 in a research report on Wednesday. National Bank Financial increased their price target on New Gold from C$1.60 to C$1.70 and gave the company a “sector perform” rating in a research report on Monday, November 12th. Canaccord Genuity decreased their price target on New Gold from C$1.50 to C$1.10 in a research report on Thursday, October 18th. Finally, Eight Capital decreased their price target on New Gold from C$1.75 to C$1.35 in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. New Gold currently has an average rating of “Hold” and a consensus target price of C$1.32.

Shares of NGD opened at C$1.50 on Thursday. The company has a quick ratio of 1.19, a current ratio of 3.61 and a debt-to-equity ratio of 56.00. New Gold has a 12 month low of C$0.90 and a 12 month high of C$4.30.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings results on Wednesday, October 24th. The company reported C($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.05) by C$0.04. The business had revenue of C$192.25 million for the quarter, compared to analysts’ expectations of C$245.55 million.

In other news, insider Robert Joseph Chausse acquired 230,000 shares of New Gold stock in a transaction on Wednesday, November 7th. The stock was acquired at an average cost of C$1.10 per share, with a total value of C$253,000.00. Also, Director Renaud Adams acquired 100,000 shares of New Gold stock in a transaction on Wednesday, November 7th. The shares were purchased at an average cost of C$1.10 per share, with a total value of C$110,000.00.

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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Earnings History and Estimates for New Gold (TSE:NGD)

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