New Gold Inc. with ticker code (NGD) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 2.5 and 1.5 and has a mean target at 1.95. Given that the stocks previous close was at 1.73 this would indicate that there is a potential upside of 12.7%. The 50 day MA is 1.76 and the 200 moving average now moves to 1.52. The market capitalisation for the company is $1,238m. You can visit the company’s website by visiting: https://www.newgold.com
The potential market cap would be $1,395m based on the market concensus.
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; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.
