Brokers Issue Forecasts for New Gold Inc.’s Q1 2022 Earnings (TSE:NGD)

New Gold Inc. (TSE:NGDGet Rating) (ARCA:NGD) – National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for shares of New Gold in a report released on Tuesday, April 19th. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.04 for the quarter. National Bank Financial also issued estimates for New Gold’s FY2023 earnings at $0.15 EPS.

New Gold (TSE:NGDGet Rating) (ARCA:NGD) last released its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The company had revenue of C$255.43 million during the quarter.

NGD has been the subject of a number of other reports. Canaccord Genuity Group raised shares of New Gold from a “hold” rating to a “buy” rating and increased their target price for the company from C$2.25 to C$3.00 in a report on Friday. BMO Capital Markets dropped their target price on shares of New Gold from C$3.50 to C$3.25 in a report on Thursday, February 24th. Finally, National Bankshares dropped their price objective on shares of New Gold from C$2.75 to C$2.50 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$2.49.

Shares of TSE:NGD opened at C$2.07 on Thursday. The company has a quick ratio of 3.30, a current ratio of 3.97 and a debt-to-equity ratio of 53.49. The company has a market cap of C$1.41 billion and a P/E ratio of 7.93. New Gold has a 52 week low of C$1.29 and a 52 week high of C$2.68. The company has a 50-day moving average price of C$2.29 and a 200 day moving average price of C$2.03.

About New Gold (Get Rating)

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 principal operating properties include 100% interests in the Rainy River gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada.

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

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