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Fly News Breaks for December 4, 2019
NGD
Dec 4, 2019 | 16:20 EDT
RBC Capital analyst Josh Wolfson assumed coverage New Gold and downgraded the shares to Underperform from Sector Perform with a 65c price target. The analyst sees "limited ability" for the company to generate cash flow beyond debt repayment. This constricts New Gold's overall financial flexibility and presents greater downside risk to the stock relative to peers, Wolfson tells investors in a research note.
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