New Gold Inc. (NYSEAMERICAN:NGD) – Research analysts at National Bank Financial dropped their FY2017 earnings estimates for shares of New Gold in a research report issued on Wednesday. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings of $0.05 per share for the year, down from their prior estimate of $0.06. National Bank Financial also issued estimates for New Gold’s FY2019 earnings at $0.30 EPS.
New Gold (NYSEAMERICAN:NGD) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $176.12 million. New Gold had a net margin of 20.49% and a return on equity of 5.05%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS.
New Gold (NGD) opened at $3.11 on Friday. The company has a market cap of $1,790.00, a P/E ratio of 31.10, a PEG ratio of 13.01 and a beta of 0.08. The company has a quick ratio of 1.38, a current ratio of 2.28 and a debt-to-equity ratio of 0.42. New Gold has a 12-month low of $2.39 and a 12-month high of $4.41.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in New Gold during the 3rd quarter worth approximately $202,000. Virtu Financial LLC grew its holdings in New Gold by 397.1% during the 3rd quarter. Virtu Financial LLC now owns 349,676 shares of the basic materials company’s stock worth $295,000 after acquiring an additional 279,337 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in New Gold by 3.7% during the 4th quarter. Ingalls & Snyder LLC now owns 8,870,375 shares of the basic materials company’s stock worth $29,184,000 after acquiring an additional 314,865 shares during the last quarter. 51.53% of the stock is currently owned by hedge funds and other institutional investors.
About New Gold
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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