Somewhat Positive News Coverage Somewhat Unlikely to Impact New Gold (NGD) Share Price

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Media coverage about New Gold (NASDAQ:NGD) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Gold earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.7069866353299 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of NASDAQ:NGD traded down $0.03 during midday trading on Thursday, hitting $0.98. The company had a trading volume of 4,031,000 shares, compared to its average volume of 5,035,927. New Gold has a 12-month low of $0.98 and a 12-month high of $4.25.

Several research firms have recently commented on NGD. Beacon Securities lowered New Gold from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. National Bank Financial lowered New Gold from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a research note on Wednesday, August 8th.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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