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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by Born2Struggle2on Jul 26, 2017 11:41am
239 Views
Post# 26511219

RE:RE:RE:RE:gold companies

RE:RE:RE:RE:gold companiesDebt to capital ratio is reported at 27.98% - general rule of thumb is that 50% or greater is bad.

"TD Investment Conclusion

With financing for Rainy River now solidified, significant optionality in its project pipeline, a low political risk profile, and a strong management team, we believe that the stock remains undervalued. We believe that there is significant value to be surfaced at Rainy River, which should benefit significantly from the weaker Canadian dollar, and is now a little over a year away from start-up. We maintain our BUY rating and $6.50 target price." April 28, 2016 

The $6.50 target price was in US$
Bullboard Posts