New Gold Inc. with ticker code (NGD) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 2.5 and 1.5 and has a mean target at 1.97. Now with the previous closing price of 1.47 this would imply there is a potential upside of 34.0%. The day 50 moving average is 1.74 and the 200 day MA is 1.52. The company has a market capitalisation of $943m. Company Website: https://www.newgold.com
The potential market cap would be $1,264m 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.
