New Gold Inc. with ticker code (NGD) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 1.5 and 0.85 with the average target price sitting at 1.2. Now with the previous closing price of 1.21 this would indicate that there is a downside of -.8%. There is a 50 day moving average of 1.08 while the 200 day moving average is 1.05. The company has a market capitalisation of $825m. Company Website: https://www.newgold.com
The potential market cap would be $818m 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.
