New Gold Expects $0.24 EPS on $477M Revenue as ArrowMark Cuts 13% Stake
New Gold anticipates Q1 earnings of $0.24 per share on $477 million revenue as it readies its March report. ArrowMark Colorado Holdings cut its stake by 13% selling 230,000 shares valued at $11 million, while Creative Planning and TD Waterhouse each added around 8–9%.
1. Earnings Expectations
New Gold is set to report quarterly results on March 18, with analysts projecting earnings of $0.24 per share on revenue of $477 million. These figures will be key to assessing production efficiency and market demand for the company’s gold output.
2. Institutional Investment Changes
During Q3, ArrowMark Colorado Holdings trimmed its position by 13%, selling 230,000 shares worth roughly $11 million, leaving 1.54 million shares held. In contrast, Creative Planning and TD Waterhouse Canada each increased their holdings by 8.1% and 8.9%, respectively, signaling diverging institutional sentiment.
3. Financial Metrics and Liquidity
New Gold’s P/E ratio stands at 32.98, reflecting investor confidence in future earnings, while its price-to-sales of 6.65 and EV-to-sales of 6.87 indicate premium valuation. A current ratio of 0.88 may raise liquidity concerns, despite a balanced debt-to-equity ratio of 0.32.