New Gold Inc. which can be found using ticker (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 1.46 and 0.9 calculating the average target price we see $1.15. Given that the stocks previous close was at $1.01 this would indicate that there is a potential upside of 13.9%. Also worth taking note is the 50 day moving average now sits at $1.00 while the 200 day moving average is $.95. The company has a market capitalization of $731m. Company Website: https://www.newgold.com
The potential market cap would be $832m 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.
