New Gold Inc. (USA) (NYSEMKT:NGD) currently trades at $2.67 which is about -9.18% lower than the 52-week high of $6.04. The trading volume at ready counter moved to 37.72M shares as compared to 6.12M shares average traded volume. The stock failed to get pushed above the $3.05 barrier, the intraday high, after opening at $3.06. Analysts have a consensus target price of $5.02 in the 12-month period. Its market capitalization has now reached to $1.02B.

New Gold Inc. (USA) (NYSEMKT:NGD) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus buy rating, according to Zacks Investment Research. 1 analyst has rated the stock with a sell rating, 8 have assigned a hold rating, 1 says it’s a buy and 1 has assigned a strong buy rating to the company.

New Gold Inc. (USA) (NGD) on January 30, 2017 announced its 2016 fourth quarter and full-year operating results, an update on its Rainy River project and 2017 guidance. The preliminary figures provided for 2016 fourth quarter and full-year production, sales, operating expense, total cash costs, all-in sustaining costs and other financial information are approximate and may differ slightly from the final results in the 2016 annual audited consolidated financial statements and management’s discussion and analysis.

2016 HIGHLIGHTS

  • Full-year gold production of 381,663 ounces achieved the mid-point of the guidance range of 360,000 to 400,000 ounces
  • Copper production of 102 million pounds exceeded the high end of the guidance range of 81 to 93 million pounds by 10%
  • 2016 operating expense of $640 per gold ounce and $1.14 per copper pound
  • 2016 delivered record low all-in sustaining costs of $692 per ounce, including total cash costs(2) of $349 per ounce
  • All-in sustaining costs were well below the mid-2016 updated guidance range of $750 to $790 per ounce, which had been lowered by $75 per ounce relative to the original 2016 guidance
  • All-in sustaining costs were well below the mid-2016 updated guidance range of $750 to $790 per ounce, which had been lowered by $75 per ounce relative to the original 2016 guidance
  • Fourth quarter production of 95,883 ounces of gold and 26 million pounds of copper
  • Fourth quarter operating expense of $780 per gold ounce and $1.58 per copper pound
  • Fourth quarter all-in sustaining costs of $619 per ounce, including total cash costs of $360 per ounce
  • Year-end cash and cash equivalents of $186 million.