New Gold Inc. found using ticker (NGD) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 2.55 and 1.25 calculating the average target price we see 1.91. Given that the stocks previous close was at 1.71 this would indicate that there is a potential upside of 11.7%. The day 50 moving average is 1.51 while the 200 day moving average is 1.56. The company has a market capitalisation of $1,137m. You can visit the company’s website by visiting: https://www.newgold.com
New Gold Inc., an intermediate gold mining company, engages in the 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 gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada. It also operates the Cerro San Pedro gold-silver mine in San Luis PotosÃ, Mexico. The company is headquartered in Toronto, Canada.
