New Gold Inc. found using ticker (NGD) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 1.54 and 0.77 calculating the average target price we see 1.07. Given that the stocks previous close was at 0.63 this indicates there is a potential upside of 69.8%. There is a 50 day moving average of 0.83 and the 200 moving average now moves to 1.39. The company has a market cap of $431m. Find out more information at: https://www.newgold.com
The potential market cap would be $732m 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.
