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Could Its Q2 2018 Earnings Be a Turning Point for New Gold?

Annie Gilroy
Could Its Q2 2018 Earnings Be a Turning Point for New Gold?

New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date). Until July 13, it has fallen 38.9%, significantly underperforming its peers (GDXJ) (NUGT). Among its peers, Eldorado Gold (EGO), IAMGOLD (IAG), Alamos Gold (AGI), and Randgold Resources (GOLD) have returned -24.5%, -1.0%, -14.1%, and -27.1%, respectively.