New Gold (NGD) to Release Quarterly Earnings on Thursday
New Gold (NYSEAMERICAN:NGD) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect New Gold to post earnings of ($0.02) per share for the quarter.
NYSEAMERICAN NGD traded up $0.05 on Tuesday, hitting $1.46. 157,729 shares of the stock were exchanged, compared to its average volume of 3,981,666. New Gold has a 52-week low of $0.61 and a 52-week high of $1.56.
Several research firms have commented on NGD. CIBC reaffirmed a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. JPMorgan Chase & Co. raised shares of China Life Insurance from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 30th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Raymond James set a $33.00 price objective on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Credit Suisse Group began coverage on shares of New Gold in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.00.
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.
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