New Gold Inc. with ticker code (NGD) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 1.49 and 0.9 and has a mean target at $1.18. Now with the previous closing price of $1.33 this indicates there is a potential downside of -11.3%. It’s also worth noting that there is a 50 day moving average of $1.01 and the 200 moving average now moves to $.95. The company has a market cap of $945m. Find out more information at: https://www.newgold.com
The potential market cap would be $838m based on the market consensus.
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; New Afton mine situated in British Columbia, Canada; and the Cerro San Pedro mine in San Luis Potosí, Mexico. New Gold Inc. was founded in 1980 and is headquartered in Toronto, Canada.
The company is not paying dividends at this time.
