New Gold's (NYSEAMERICAN:NGD) share price dropped 2.9% amid Q4 earnings miss and negative net margin.
New Gold's (NYSEAMERICAN:NGD) share price dropped by 2.9% during mid-day trading on Thursday, with the stock trading as low as $1.72 and a consensus rating of "Hold." The company, which explores for gold, silver, and copper deposits in Canada, reported a Q4 earnings miss with a negative net margin of 8.20%. Institutional investors have also been active in the company, with Mackenzie Financial Corp and Invesco Ltd. increasing their stakes.
April 04, 2024
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