New Gold Inc. with ticker code (NGD) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 2.55 and 1.4 calculating the mean target price we have 1.92. Given that the stocks previous close was at 1.93 this now indicates there is a potential downside of -.5%. The 50 day MA is 1.57 while the 200 day moving average is 1.56. The market capitalisation for the company is $1,369m. Company Website: https://www.newgold.com
The potential market cap would be $1,362m 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.
