|Bid||1.2500 x 29200|
|Ask||1.2600 x 21500|
|Day's Range||1.2200 - 1.2700|
|52 Week Range||0.6100 - 1.5600|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.01|
New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) is pleased to announce that it has closed its previously announced offering (the “Offering”) of common shares of the Company (“Common Shares”) with a syndicate of underwriters. An aggregate of 93,750,000 Common Shares were issued by the Company at a price of C$1.60 per share for aggregate proceeds of C$150 million. New Gold intends to use the proceeds to enhance financial flexibility, strengthen the balance sheet, including debt repayment, and general corporate purposes.
Moody's Investors Service ("Moody's") upgraded its Speculative Grade Liquidity Rating ("SGL") for New Gold Inc. ("New Gold") to SGL-3 from SGL-4. At the same time Moody's affirmed New Gold's Corporate Family rating (CFR) at B3, Probability of Default Rating at B3-PD and senior unsecured notes rating at Caa1. Outlook Actions: ..Issuer: New Gold Inc. ....Outlook, Remains Negative Affirmations: ..Issuer: New Gold Inc.
New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 93,750,000 common shares (the “Common Shares”), at a price of C$1.60 per Common Share for gross proceeds of C$150 million (the “Offering”). The Company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about August 30, 2019 and is subject to New Gold receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.
New Gold (NGD) delivered earnings and revenue surprises of 50.00% and -6.62%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
New Gold Inc. (NGD) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
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Investment company Exor Investments (UK) LLP buys New Gold Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Exor Investments (UK) LLP.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
New Gold Inc. provides an update on the 2019 delineation and exploration programs at the New Afton and Rainy River Mines. The Company had previously announced its intention to refocus the Company’s efforts on identifying organic growth opportunities by launching strategic exploration programs at both assets.
New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) announced today that Mr. Nicholas Chirekos has been appointed to its Board of Directors, effective immediately. Nicholas (Nick) Chirekos has more than 25 years of experience in investment banking and capital markets, with a focus on the mining industry.