New Gold Inc. – Consensus Indicates Potential 27.7% Upside

Broker Ratings

New Gold Inc. found using ticker (NGD) have now 11 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 2.75 and 1.25 with a mean TP of 1.75. Given that the stocks previous close was at 1.37 this now indicates there is a potential upside of 27.7%. The day 50 moving average is 1.18 and the 200 day MA is 1.6. The market capitalisation for the company is $967m. Visit the company website at: http://www.newgold.com

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 Potosí, Mexico. The company is headquartered in Toronto, Canada.

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