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New Gold: 3Q Earnings Snapshot

November 6, 2019 GMT

TORONTO (AP) _ New Gold Inc. (NGD) on Wednesday reported a loss of $24.7 million in its third quarter.

On a per-share basis, the Toronto-based company said it had a loss of 4 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The gold mining company posted revenue of $168.4 million in the period.

The company’s shares closed at $1.05. A year ago, they were trading at 84 cents.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGD at https://www.zacks.com/ap/NGD