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New Gold Inc. (NGD) [hlAlert]

Rating:
Sector Outperform
NGD
down 79.59 %

New Gold Inc. (NGD) rated Sector Outperform by Scotia Capital

Posted on: Monday,  Nov 26, 2012  1:25 PM ET by Scotia Capital

Scotia Capital rated Sector Outperform New Gold Inc. (AMEX: NGD) on 11/26/2012, when the stock price was $10.34.
Since then, New Gold Inc. has lost 79.59% as of 08/27/2015's recent price of $2.11.
If you would have followed this Scotia Capital's recommendation on NGD, you would have lost 79.59% of your investment in 1004 days.

New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States (Alaska). The Company?s operating assets consist of the Cerro San Pedro (CSP) gold-silver mine in Mexico (the CSP Mine), the Peak gold-copper mine (Peak Mines) in Australia and the Amapari gold mine in Brazil (the Amapari Mine). The Company?s other development projects include the New Afton copper-gold project in Canada (the New Afton Project) and a 30% interest in the El Morro copper-gold project in Chile (the El Morro Project). In June 2009, New Gold completed its business combination with Western Goldfields Inc., pursuant to which New Gold acquired all of the issued and outstanding common shares of Western Goldfields.

Scotia Capital has well-respected research capabilities in fixed income research, equity research, economics, and foreign exchange. We offer coverage for Canada, the United States, and Mexico. In the Unites States, we offer in debt research coverage on the US investment grade debt and high yield debt markets. Publications include daily and weekly company reports and industry reports. This research is also available through SC Online, as well as through Bloomberg.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/26/2012 1:25 PM Buy
None
10.34
as of 12/31/2012
1 Week up  4.74 %
1 Month up  3.76 %
3 Months up  6.67 %
1 YTD up  6.67 %

(*) Stock Price at the time of the recommendation.
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