New Gold Inc. (AMEX:NGD) is a mining company that focuses on gold production. It operates several mines and is known for its commitment to sustainable mining practices. As NGD prepares to release its quarterly earnings on March 18, 2026, Wall Street anticipates an earnings per share of $0.24 and revenue of $477 million.
ArrowMark Colorado Holdings LLC recently reduced its stake in NGD by 13% during the third quarter, selling 230,000 shares. This adjustment leaves them with 1.54 million shares, valued at $11 million. Despite this reduction, other institutional investors like Creative Planning and TD Waterhouse Canada Inc. have increased their holdings by 8.1% and 8.9%, respectively.
NGD's financial metrics provide insight into its market position. The company has a price-to-earnings (P/E) ratio of 32.98, indicating investor confidence in its earnings potential. Its price-to-sales ratio of 6.65 and enterprise value to sales ratio of 6.87 reflect its market valuation relative to revenue and sales.
The enterprise value to operating cash flow ratio of 12.80 suggests how the market values NGD's cash flow from operations. With an earnings yield of 3.03%, investors can gauge the return on their investment. The debt-to-equity ratio of 0.32 shows a balanced approach to financing, with a moderate level of debt compared to equity.
However, NGD's current ratio of 0.88 may raise concerns about its ability to meet short-term obligations. This ratio indicates potential liquidity issues, which investors should monitor closely as the company releases its earnings report.
