Topic: How To Invest

Stock Pickers Digest Hotline – Friday, September 14, 2018

Article Excerpt

NEW GOLD INC., $1.32, symbol NGD on Toronto, has four established mines: the Mesquite project in the U.S.; Cerro San Pedro in Mexico; the Peak mine in Australia; and the New Afton operation in B.C. A fifth mine, in Rainy River, Ontario, started up last year. The shares jumped almost 29% this week on a report that New Gold is exploring a sale of the company and is working with investment bank BMO Capital Markets to help find a buyer and evaluate other options. New Gold has struggled to hit production targets at its biggest mine, Rainy River. The shares are down along with most gold stocks, and that will make it more difficult to raise funds to fix operational problems at the mine. If an outright sale fails to materialize, the company could opt to sell one or more of its mines. OUR RECOMMENDATION: New Gold is still a buy for aggressive investors. New Gold recent coverage April 2018 issue Hotline for January 26,…

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