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NGD

New Gold

$1.00

0.0135 (1.37%)

06:05
08/20/18
08/20
06:05
08/20/18
06:05

New Gold upgraded to Hold from Sell at Canaccord

NGD New Gold
$1.00

0.0135 (1.37%)

08/15/18
RBCM
08/15/18
DOWNGRADE
Target $1.4
RBCM
Underperform
New Gold downgraded to Underperform at RBC Capital on eroding cash flow
As reported earlier, RBC Capital analyst Dan Rollins downgraded New Gold to Underperform from Sector Perform and lowered his price target to $1.40 from $3.50. The analyst cites elevated financial leverage and "material" reduction in free cash flow, along with continued risk related to Rainy River mine ramp. Rollins believes that although New Gold has underperformed the broader gold mining ETF GDX by 30%, it will continue to underperform until its risks diminish.
08/15/18
RBCM
08/15/18
DOWNGRADE
RBCM
Underperform
New Gold downgraded to Underperform from Sector Perform at RBC Capital
08/08/18
08/08/18
DOWNGRADE

Underweight
New Gold downgraded to Underweight on Rainy River questions at JPMorgan
As previously reported, JPMorgan analyst John Bridges downgraded New Gold to Underweight from Neutral, stating that significant questions about its Rainy River project remain unanswered after the company filed its technical report on the mine yesterday. In addition to uncertainties over this project, Bridges cites "lackluster" gold and copper prices.
08/08/18
JPMS
08/08/18
DOWNGRADE
JPMS
Underweight
New Gold downgraded to Underweight from Neutral at JPMorgan

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