New Gold (USA) (NGD) was Downgraded by Dundee to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Dundee advised their investors in a research report released on May 25, 2016.
Many Wall Street Analysts have commented on New Gold (USA). Company shares were Upgraded by Barclays on Apr 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 5 from a previous price target of $3 .Company shares were Downgraded by RBC Capital Mkts on Mar 21, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 3.75 from a previous price target of $3 .
On the company’s financial health, New Gold (USA) reported $0.01 EPS for the quarter, based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus estimate of $0.01. The company had revenue of $199.00 million for the quarter, compared to analysts expectations of $200.50 million. The company’s revenue was up 5.9% compared to the same quarter last year.
New Gold (USA) closed down -0.1 points or -2.32% at $4.21 with 45,64,873 shares getting traded on Friday. Post opening the session at $4.33, the shares hit an intraday low of $4.14 and an intraday high of $4.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. The Company’s assets include New Afton Mine in Canada which is an underground gold?copper deposit; the Mesquite Mine in the United States which is an open pit mine; the Peak Mines in Australia which is an underground gold?copper deposit and the Cerro San Pedro Mine in Mexico which is a gold?silver open pit mine. The Company projects include the Rainy River and Blackwater projects both in Canada and a 30% interest in the El Morro copper?gold project in Chile. Approximately 28% of the Company’s gold revenue is generated from Canada 28% from the United States 26% from Australia and 18% from Mexico and over 70% of its gold reserves are located in Canada.