New Gold Inc. with ticker code (NGD) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 1.68 and 0.9 calculating the mean target price we have $1.27. Given that the stocks previous close was at $1.26 this indicates there is a potential upside of .8%. Also worth taking note is the 50 day moving average now sits at $1.03 and the 200 day moving average is $.96. The market capitalization for the company is $903m. Visit the company website at: https://www.newgold.com
The potential market cap would be $910m 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.
