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home / news releases / NGD - Why New Gold Stock Is Tumbling Today

NGD - Why New Gold Stock Is Tumbling Today

New Gold Inc.

Shares of New Gold (NYSEMKT: NGD) slumped more than 12% by 12:45 p.m. EST on Thursday. Weighing on the gold mining company's stock were its weak fourth-quarter results. 

New Gold reported an adjusted net loss of $0.04 per share during the fourth quarter, which was $0.01 per share worse than analysts expected. The main issue was weaker production, which drove up its costs. 

Image source: Getty Images.

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Stock Information
Company Name: New Gold Inc.
Stock Symbol: NGD
Market: NYSE
Website: newgold.com
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