New Gold tumbles after CEO steps down

New Gold

23/11/2022 15:27

** U.S.-listed shares of Canadian miner New Gold Inc
 NGD.N , NGD.TO  drop 8% to $1.09 in early trade
    ** Co says Chief Executive Renaud Adams has stepped down
after serving for more than four years  urn:newsml:reuters.com:*:nCNWdR9hLa
    ** Chief Operating Officer Patrick Godin would succeed
Adams, effective immediately- NGD
    ** Godin was appointed as COO in May 2022, co says
    ** Three of 10 brokerages rate the stock "buy" or higher,
six "hold" and one rates it "sell"; their median PT is $1.16 -
Refinitiv
    ** Including session's losses, stock down 26.3% this year
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))