New Gold (NGD) Cut to Sell at BidaskClub

BidaskClub downgraded shares of New Gold (NASDAQ:NGD) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

Shares of NGD stock opened at $0.78 on Tuesday. New Gold has a one year low of $0.69 and a one year high of $2.42.

New Gold (NASDAQ:NGD) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $157.40 million during the quarter, compared to analyst estimates of $176.79 million.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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