New Gold Inc. found using ticker (NGD) have now 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 1.47 and 0.9 and has a mean target at 1.16. Given that the stocks previous close was at 0.88 this is indicating there is a potential upside of 31.8%. The day 50 moving average is 1.03 while the 200 day moving average is 0.98. The company has a market capitalisation of $599m. You can visit the company’s website by visiting: https://www.newgold.com
The potential market cap would be $789m 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; 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.
