New Gold (USA) (NGD) is Upgraded by Desjardins to Buy

New Gold (USA) (NGD) was Upgraded by Desjardins to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Desjardins advised their investors in a research report released on Sep 16, 2016.

Many Wall Street Analysts have commented on New Gold (USA). New Gold (USA) was Downgraded by Desjardins to ” Hold” on Sep 7, 2016.

On the company’s financial health, New Gold (USA) reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.00. The company had revenue of $180.30 million for the quarter, compared to analysts expectations of $168.01 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

New Gold (USA) closed down -0.02 points or -0.43% at $4.61 with 5,512,777 shares getting traded on Wednesday. Post opening the session at $4.68, the shares hit an intraday low of $4.55 and an intraday high of $4.7599 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

New Gold  (USA)

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