New Gold Inc reports results for the quarter ended in March - Earnings Summary

New Gold

02/05/2022 17:42

* New Gold Inc  NGD.TO  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
2 cents per share.
    * Revenue rose 5.9% to $174.70 million from a year ago; 
analysts
expected $165.77 million. 
    * New Gold Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 34.6%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * New Gold Inc shares had fallen by 17.6% this quarter and
lost 1.1% so far this year.
    * The company reported a quarterly loss of $7.8 million.
    * Wall Street's median 12-month price target for New Gold
Inc is
C$2.56 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 2 at 04:42 p.m.  ​All
figures in US dollars unless otherwise stated