New Gold Inc. with ticker code (NGD) now have 10 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 1.56 and 0.78 with a mean TP of 1.08. Given that the stocks previous close was at 0.76 this now indicates there is a potential upside of 42.1%. The 50 day moving average now sits at 1.06 and the 200 day moving average is 1.46. The market capitalisation for the company is $553m. Visit the company website at: https://www.newgold.com
The potential market cap would be $785m 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.
