New Gold Inc. found using ticker (NGD) have now 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 2.6 and 1.5 calculating the mean target price we have 1.94. Given that the stocks previous close was at 1.83 this would indicate that there is a potential upside of 6.0%. There is a 50 day moving average of 1.75 and the 200 day MA is 1.53. The market capitalisation for the company is $1,226m. Visit the company website at: https://www.newgold.com
The potential market cap would be $1,300m based on the market concensus.
New Gold Inc., an intermediate gold mining company, engages in the 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 gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada. It also operates the Cerro San Pedro gold-silver mine in San Luis PotosÃ, Mexico. The company is headquartered in Toronto, Canada.
