Resumed Outperform X

NGD New Gold

BMO Capital Markets

Upgrades Sec Perform Sec Outperform X

NGD New Gold

Scotiabank

Upgrades Sell Hold X

NGD New Gold

TD Securities

Resumed Sector Perform X

NGD New Gold

Scotiabank

$1.25

Downgrades Hold Reduce X

NGD New Gold

TD Securities

Upgrades Sec Perform Outperform X

NGD New Gold

RBC Capital Mkts

$1 $1.25

Downgrades Buy Hold X

NGD New Gold

Canaccord Genuity

Downgrades Sec Outperform Neutral X

NGD New Gold

CIBC

Downgrades Neutral Underweight X

NGD New Gold

JP Morgan

Initiated Neutral X

NGD New Gold

Credit Suisse

Downgrades Neutral Sec Underperform X

NGD New Gold

CIBC

Upgrades Underweight Neutral X

NGD New Gold

JP Morgan

Downgrades Sec Perform Underperform X

NGD New Gold

RBC Capital Mkts

Downgrades Neutral Underperform X

NGD New Gold

Credit Suisse

Upgrades Underperform Neutral X

NGD New Gold

Credit Suisse

NGD  New Gold Inc.

New Gold Inc. is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile. Its development projects include Rainy River and Blackwater projects, which are located in Canada. Its Rainy River project is a gold project located approximately 65 kilometers northwest of Fort Frances in northwestern Ontario, Canada. The Rainy River comprises approximately 192 square kilometers of various rights and claims. The Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George in central British Columbia, Canada and 110 kilometers southwest of the town of Vanderhoof. The Blackwater project covers an area of over 1,000 square kilometers.