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 2.3 and 0.77 and has a mean target at 1.22. Now with the previous closing price of 0.8 this would imply there is a potential upside of 52.5%. The 50 day moving average now sits at 1.23 and the 200 day moving average is 1.5. The market capitalisation for the company is $539m. Visit the company website at: https://www.newgold.com
The potential market cap would be $821m 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.
