New Gold Inc. found using ticker (NGD) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 2.5 and 1.5 with a mean TP of 1.95. Now with the previous closing price of 1.29 this would indicate that there is a potential upside of 51.2%. The day 50 moving average is 1.64 while the 200 day moving average is 1.5. The market cap for the company is $932m. Visit the company website at: https://www.newgold.com
The potential market cap would be $1,409m 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.
