New Gold (NYSEAMERICAN:NGD) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04), Fidelity Earnings reports. The business had revenue of $139.20 million for the quarter.
Shares of New Gold stock traded up $0.01 during trading on Friday, reaching $0.77. The company’s stock had a trading volume of 2,063,344 shares, compared to its average volume of 2,584,623. New Gold has a 1-year low of $0.61 and a 1-year high of $1.56. The company has a 50-day moving average price of $1.20.
NGD has been the topic of a number of research reports. Raymond James set a $1.25 price objective on New Gold and gave the company a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reissued a “sell” rating and set a $0.65 price objective on shares of New Gold in a report on Monday, January 27th. Canaccord Genuity reissued a “buy” rating and set a $1.50 price objective on shares of New Gold in a report on Friday. Zacks Investment Research cut New Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 4th. Finally, TD Securities decreased their price objective on New Gold from $1.15 to $0.95 and set a “hold” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. New Gold has a consensus rating of “Hold” and an average price target of $1.11.
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.
Featured Story: How to Trade Using Analysts Ratings
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.