New Gold Inc. found using ticker (NGD) now have 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 1.45 and 0.85 and has a mean target at 1.11. Now with the previous closing price of 0.92 this indicates there is a potential upside of 20.7%. The 50 day moving average now sits at 0.8 while the 200 day moving average is 1.29. The company has a market capitalisation of $611m. You can visit the company’s website by visiting: https://www.newgold.com
The potential market cap would be $737m 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.
