New Gold (NASDAQ:NGD) Downgraded by BidaskClub

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BidaskClub downgraded shares of New Gold (NASDAQ:NGD) from a strong-buy rating to a buy rating in a research note released on Saturday, BidAskClub reports.

Shares of NGD opened at $1.28 on Friday. The stock’s 50-day moving average price is $1.11. New Gold has a one year low of $0.61 and a one year high of $1.56.

About New Gold

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 New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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