New Gold (NASDAQ:NGD) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of New Gold (NASDAQ:NGD) from a hold rating to a buy rating in a report published on Wednesday morning, BidAskClub reports.

Separately, National Bank Financial upgraded New Gold from a sector perform spec under wgt rating to an outperform spec under weight rating in a report on Thursday, May 21st.

Shares of NGD opened at $1.65 on Wednesday. New Gold has a one year low of $0.39 and a one year high of $1.71. The company has a 50-day moving average price of $1.37.

New Gold (NASDAQ:NGD) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $142.30 million during the quarter.

New Gold Company Profile

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 Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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