New Gold Inc reports results for the quarter ended March 31 - Earnings Summary

• New Gold Inc NGD.TO reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -1 cents to 2 cents per share.

• Revenue rose 8.8% to $209.10 million from a year ago; analysts expected $166.58 million.

• New Gold Inc's reported EPS for the quarter was a loss of 2 cents​.

• New Gold Inc shares had fallen by 12.2% this quarter and gained 30.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 62.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for New Gold Inc is C$5.69

This summary was machine generated from LSEG data April 29 at 11:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)