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Recommendations
New Gold price target raised to C$2.50 from C$2.10 at National Bank » 10:53
06/10/20
06/10
10:53
06/10/20
10:53
NGD

New Gold

$1.40 /

+0.09 (+6.87%)

National Bank analyst…

National Bank analyst Mike Parkin raised the firm's price target on New Gold to C$2.50 from C$2.10 and keeps an Outperform rating on the shares following the Blackwater sale.

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NGD New Gold
$1.40 /

+0.09 (+6.87%)

NGD New Gold
$1.40 /

+0.09 (+6.87%)

05/22/20 National Bank
New Gold upgraded to Outperform from Sector Perform at National Bank
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
NGD New Gold
$1.40 /

+0.09 (+6.87%)

Over a month ago
Hot Stocks
New Gold to divest Blackwater to Artemis Gold for C$190M in cash » 07:12
06/09/20
06/09
07:12
06/09/20
07:12
NGD

New Gold

$1.21 /

+0.02 (+1.68%)

New Gold announced that…

New Gold announced that it has entered into a definitive agreement with Artemis Gold to divest its Blackwater Project located in British Columbia, Canada. The company said in a release, "Under the terms of the Agreement, New Gold will receive consideration comprised of the following: C$190 million in cash comprised of C$140 million in cash upon closing of the Transaction and C$50 million in cash payable twelve months following closing of the Transaction; A gold stream on 8% gold produced from Blackwater, reducing to 4% of gold production once approximately 280,000 ounces of gold have been delivered to New Gold. The stream is subject to a transfer price equal to 35% of the spot gold price; In the event that agreed upon production targets at Blackwater are not achieved by the 7th, 8th, or 9th anniversary of closing of the Transaction, New Gold will be entitled to receive additional cash payments of C$28 million on each of those dates; and C$20 million in Artemis shares upon closing of the Transaction, subject to New Gold not acquiring more than 9.9% of Artemis' issued and outstanding common shares, in which case the difference between C$20 million and the value of the shares issued to New Gold shall be added to the Second Instalment."

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NGD New Gold
$1.21 /

+0.02 (+1.68%)

NGD New Gold
$1.21 /

+0.02 (+1.68%)

05/22/20 National Bank
New Gold upgraded to Outperform from Sector Perform at National Bank
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
NGD New Gold
$1.21 /

+0.02 (+1.68%)

Upgrade
New Gold upgraded to Outperform from Sector Perform at National Bank » 05:39
05/22/20
05/22
05:39
05/22/20
05:39
NGD

New Gold

$1.14 /

-0.03 (-2.56%)

National Bank analyst…

National Bank analyst Mike Parkin upgraded New Gold to Outperform from Sector Perform with a C$2.10 price target.

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NGD New Gold
$1.14 /

-0.03 (-2.56%)

NGD New Gold
$1.14 /

-0.03 (-2.56%)

04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
NGD New Gold
$1.14 /

-0.03 (-2.56%)

Earnings
New Gold reports Q1 adjusted EPS (3c), consensus 1c » 06:46
04/29/20
04/29
06:46
04/29/20
06:46
NGD

New Gold

$0.86 /

-0.0182 (-2.06%)

Reports Q1 revenue $142M,…

Reports Q1 revenue $142M, consensus $227.3M. Q1 total production was 103,435 gold eq. ounces - 66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper. "We are encouraged by the financial results for the quarter as they were impacted by the 2-week suspension at Rainy River in the latter part of March, and the enhanced COVID-19 safety protocols put in place at both operations. Following the close of a strategic $300M partnership with the Ontario Teachers' Pension Plan, the company now has a strong liquidity position of $600M, which is more than adequate to fund our business during this COVID-19 period." stated Renaud Adams, CEO. "Throughout this challenging time, New Gold will continue to prioritize the safety and well-being of our employees and local communities and we will continue to work with local governments as well as our Indigenous and community leaders to implement and coordinate actions to reduce the risk of the spread of COVID-19."

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NGD New Gold
$0.86 /

-0.0182 (-2.06%)

04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
Hot Stocks
New Gold withdraws 2020 operational guidance  06:34
04/15/20
04/15
06:34
04/15/20
06:34
NGD

New Gold

$0.76 /

+0.0428 (+6.00%)

 
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NGD New Gold
$0.76 /

+0.0428 (+6.00%)

04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
Hot Stocks
New Gold reports Q1 total production 103,435 gold eq. oz. » 06:33
04/15/20
04/15
06:33
04/15/20
06:33
NGD

New Gold

$0.76 /

+0.0428 (+6.00%)

Q1 total production was…

Q1 total production was 103,435 gold eq. ounces - 66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper -. The Rainy River Mine produced 51,106 gold eq. ounces, including 12 days of the temporary 14-day suspension of operations announced on March 20. Operations resumed on April 3, 2020 and will gradually be ramped up over the coming weeks. The New Afton Mine produced 52,329 gold eq. ounces -16,409 ounces of gold and 18.5 million pounds of copper - for the quarter. The company's available liquidity has increased to approximately $600M following the completion of a strategic partnership with Ontario Teachers' Pension Plan

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NGD New Gold
$0.76 /

+0.0428 (+6.00%)

04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
Over a quarter ago
Upgrade
New Gold upgraded to Outperform from Market Perform at BMO Capital » 08:36
04/01/20
04/01
08:36
04/01/20
08:36
NGD

New Gold

$0.51 /

-0.0152 (-2.88%)

BMO Capital analyst Brian…

BMO Capital analyst Brian Quast resumed coverage on New Gold with an Outperform rating, from Market Perform, and a C$1.50 price target following the closing of a $300M transaction with the Ontario Teachers Pension Plan to acquire an interest in New Afton's free cash flows. Quast said the deal alleviates liquidity concerns and provides the company with additional financial flexibility.

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NGD New Gold
$0.51 /

-0.0152 (-2.88%)

04/01/20 BMO Capital
New Gold upgraded to Outperform from Market Perform at BMO Capital
03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
12/04/19 RBC Capital
New Gold assumed with an Underperform from Sector Perform at RBC Capital
Upgrade
New Gold upgraded to Outperform from Market Perform at BMO Capital » 08:36
04/01/20
04/01
08:36
04/01/20
08:36
NGD

New Gold

$0.51 /

-0.0152 (-2.88%)

BMO Capital analyst Brian…

BMO Capital analyst Brian Quast upgraded New Gold to Outperform from Market Perform with a C$1.50 price target as he resumed coverage of the stock.

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NGD New Gold
$0.51 /

-0.0152 (-2.88%)

03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
12/04/19 RBC Capital
New Gold assumed with an Underperform from Sector Perform at RBC Capital
09/05/19
New Gold upgraded to Sector Perform from Underperform at RBC Capital
Hot Stocks
New Gold suspends operations at Rainy River Mine for two weeks » 06:35
03/20/20
03/20
06:35
03/20/20
06:35
NGD

New Gold

$0.56 /

-0.0199 (-3.45%)

New Gold reports that its…

New Gold reports that its Rainy River Mine, which is close to the United States border, has temporarily suspended operations for a period of two weeks so that its local workforce can follow the fourteen day period of self-isolation as recommended by federal and provincial authorities relating to travel outside Canada as frequent border crossing is a common practice in the region. "The requirement to self-isolate is consistent with our company-wide policy currently in place for all New Gold operations and projects. Approximately 70% of the workforce of the Rainy River Mine is made up of local residents and making frequent short trips across the border to the local Minnesota communities is a common practice in the region. A significant number of employees have voluntarily indicated that they have recently made such trips and are now in self-isolation, following the guidance of the Canadian and Ontario governments with respect to COVID-19. Accordingly, the company has made the decision to temporarily suspend operations at the Rainy River Mine, for precautionary reasons for a period of fourteen days, consistent with this recommended period of self-isolation. The closure of Canada - United States border to all non-essential travel is imminent, so no additional members of the workforce are expected to be required to self-isolate. The suspension will continue to be assessed over the fourteen day period to determine when full or partial operations can be resumed in the safest possible environment for our employees. The company does not anticipate making any adjustments to annual guidance for Rainy River. During the next two weeks, the Rainy River Mine will maintain a minimum crew to monitor and maintain essential activities, ensure there is no impact to the environment and fully sanitize the mine site, camp, and mobile and fixed equipment to ensure the safest possible environment for our employees when operations resume. We will also continue to work on optimizing our plans for transport and employee accommodation to reflect the principals of social distancing and other guidance to prevent COVID-19. The New Afton Mine continues to operate at normal levels with a minimal proportion of their workforce currently in self-isolation. The company will continue to monitor this situation to ensure the ongoing safety of our New Afton team. The company has a comprehensive COVID-19 response plan in place and is monitoring the situation closely. Currently there are no suspected or confirmed cases of COVID-19 at any of our sites. The health and safety of our workforce and our communities remains our number one concern and we will support all initiatives that align with that objective."

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NGD New Gold
$0.56 /

-0.0199 (-3.45%)

03/18/20 CIBC
New Gold upgraded to Neutral from Underperformer at CIBC
02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
12/04/19 RBC Capital
New Gold assumed with an Underperform from Sector Perform at RBC Capital
09/05/19
New Gold upgraded to Sector Perform from Underperform at RBC Capital
Upgrade
New Gold upgraded to Neutral from Underperformer at CIBC » 06:34
03/18/20
03/18
06:34
03/18/20
06:34
NGD

New Gold

$0.63 /

+0.1154 (+22.54%)

CIBC analyst Anita Soni…

CIBC analyst Anita Soni upgraded New Gold to Neutral from Underperformer with a C$.92 price target.

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NGD New Gold
$0.63 /

+0.1154 (+22.54%)

02/14/20 CIBC
New Gold downgraded to Underperformer from Neutral at CIBC
12/04/19 RBC Capital
New Gold assumed with an Underperform from Sector Perform at RBC Capital
09/05/19
New Gold upgraded to Sector Perform from Underperform at RBC Capital
09/05/19 RBC Capital
New Gold upgraded to Sector Perform from Underperform at RBC Capital

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