New Gold Inc. – Consensus Indicates Potential 136.6% Upside

Broker Ratings

New Gold Inc. with ticker code (NGD) now have 13 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 5 and 2.77 calculating the average target price we see 3.81. Now with the previous closing price of 1.61 this would imply there is a potential upside of 136.6%. The day 50 moving average is 1.7 and the 200 day MA is 1.92. The market capitalisation for the company is $1,103m. Find out more information at: http://www.newgold.com

New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It 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 Mexico. New Gold Inc. is headquartered in Toronto, Canada.

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