$0.02 EPS Expected for New Gold Inc. (USA) (NGD)

July 18, 2017 - By Peter Erickson

 $0.02 EPS Expected for New Gold Inc. (USA) (NGD)

Investors wait New Gold Inc. (USA) (NYSEMKT:NGD) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.02 EPS, down $0.01 or 33.33 % from last year’s $0.03 same quarter earnings. This translates into $11.63M profit for NGD giving the stock a 38.25 P/E. This is assuming the current $0.02 EPS is accurate. New Gold Inc. (USA)’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.02 EPS reproted in the previous quarter, The stock increased 3.03% or $0.09 during the last trading session, reaching $3.06. About 4.15M shares traded. New Gold Inc. (USA) (NYSEMKT:NGD) has declined 31.09% since July 18, 2016 and is downtrending. It has underperformed by 47.79% the S&P500.

New Gold Inc. (USA) (NYSEMKT:NGD) Ratings Coverage

Among 4 analysts covering New Gold Inc. (NYSEMKT:NGD), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. New Gold Inc. had 13 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 16 by Desjardins Securities. Desjardins Securities downgraded the stock to “Hold” rating in Thursday, September 8 report. The stock has “Sector Performer” rating by IBC on Friday, October 9. The firm has “Underperform” rating by Credit Suisse given on Tuesday, January 31. Mackie upgraded New Gold Inc. (USA) (NYSEMKT:NGD) rating on Friday, August 28. Mackie has “Hold” rating and $4 target. The firm earned “Hold” rating on Monday, August 31 by Mackie.

New Gold Inc. is an intermediate gold mining company. The company has market cap of $1.78 billion. The Firm is engaged in the development and operation of mineral properties. It has a 118.1 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. (USA) (NYSEMKT:NGD) news were published by: Business.Financialpost.com which released: “Good news, gold will hit $1400. Bad news, a market correction comes first: Sprott” on July 17, 2017, also Prnewswire.com published article titled: “New Gold to Discuss Second Quarter 2017 Financial Results on Thursday, July 27 …”, Benzinga.com published: “Going For The Gold With A New Gold Miners ETF” on June 30, 2017. More interesting news about New Gold Inc. (USA) (NYSEMKT: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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