New Gold Inc. found using ticker (NGD) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 2.57 and 1.25 with a mean TP of 1.9. Given that the stocks previous close was at 1.6 this now indicates there is a potential upside of 18.8%. The 50 day MA is 1.51 and the 200 moving average now moves to 1.56. The company has a market capitalisation of $1,062m. You can visit the company’s website by visiting: https://www.newgold.com
The potential market cap would be $1,261m based on the market concensus.
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.
