BidaskClub Lowers New Gold (NGD) to Sell

New Gold (NASDAQ:NGD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

Shares of NASDAQ:NGD opened at $0.80 on Tuesday. New Gold has a 52 week low of $0.69 and a 52 week 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 analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $157.40 million during the quarter, compared to the consensus estimate of $176.79 million.

About New Gold

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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