New Gold Inc. with ticker code (NGD) have now 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 1.52 and 0.76 with the average target price sitting at 1.06. With the stocks previous close at 0.87 this indicates there is a potential upside of 21.8%. The 50 day moving average now sits at 0.76 and the 200 moving average now moves to 1.33. The company has a market capitalisation of $593m. Find out more information at: https://www.newgold.com
The potential market cap would be $722m 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.
