The gold miner reported a loss of 12 cents a share for the third quarter, missing the Capital IQ Consensus Estimate of a profit of 3 cents a share by 15 cents. Revenue fell 13.6% year over year to $169.3 million, missing analysts' estimates of $202.02 million for the quarter.
The company said it produced 93,367 ounces of gold at all-in sustaining costs of $848 an ounce, including total cash costs of $311 an ounce in the third quarter.
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TheStreet Ratings team rates NEW GOLD INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEW GOLD INC (NGD) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, feeble growth in its earnings per share and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: NGD Ratings Report