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Fly News Breaks for June 20, 2018
NGD
Jun 20, 2018 | 07:15 EDT
As previously reported, TD Securities downgraded New Gold to HOld from Buy from Hold and lowered its price target to $2.50 from $4.50. Analyst Steven Green is concerned about recent management turnover, Rainy River struggles, and lack of management communication, and believes balance sheet and operational risks are too high to justify a Buy rating.
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