New Gold Inc. – Consensus Indicates Potential 6.4% Upside

Broker Ratings

New Gold Inc. found using ticker (NGD) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 1.5 and 0.85 calculating the mean target price we have 1.16. With the stocks previous close at 1.09 this would indicate that there is a potential upside of 6.4%. There is a 50 day moving average of 1.05 and the 200 day moving average is 1.08. The market capitalisation for the company is $764m. You can visit the company’s website by visiting: https://www.newgold.com

The potential market cap would be $813m based on the market concensus.

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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.

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