New Gold Ahead of Earnings

Published on Wednesday, 02 November 2011 14:16 Written by Gerard Lerod

New York, November 2nd (TradersHuddle.com) - Shares of New Gold Inc. (NYSE:NGD) are trading higher by +0.16% ahead of its quarterly earnings release. New Gold, the intermediate gold producer is expected to release its quarterly results on November 3^rd.

Wall Street Analysts consensus calls for a profit of $0.11 a share on $176.24 million revenue.

New Gold estimates have a range of $0.03 a share. The high estimate calls for profit of $0.12 a share and the low estimate is calling for a profit of $0.09 a share, a year ago for the quarter the company reported $0.09 a share.

New Gold Inc. (NYSE:NGD) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada and Chile.

Other companies on the watch on this earnings event are Barrick Gold Corporation NYSE:ABX and Goldcorp, Inc. NYSE:GG.