New Gold (USA) (NGD) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.00. The company posted revenue of $180.30 million in the period, compared to analysts expectations of $168.01 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on New Gold (USA). New Gold (USA) was Downgraded by Dundee to ” Sell” on May 25, 2016.
New Gold (USA) opened for trading at $4.84 and hit $4.92 on the upside on Thursday, eventually ending the session at $4.82, with a gain of 0.84% or 0.04 points. The heightened volatility saw the trading volume jump to 60,06,971 shares. Company has a market cap of $2,459 M.
New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. The Company’s assets include New Afton Mine in Canada which is an underground gold?copper deposit; the Mesquite Mine in the United States which is an open pit mine; the Peak Mines in Australia which is an underground gold?copper deposit and the Cerro San Pedro Mine in Mexico which is a gold?silver open pit mine. The Company projects include the Rainy River and Blackwater projects both in Canada and a 30% interest in the El Morro copper?gold project in Chile. Approximately 28% of the Company’s gold revenue is generated from Canada 28% from the United States 26% from Australia and 18% from Mexico and over 70% of its gold reserves are located in Canada.