New Gold Inc. – Consensus Indicates Potential 77.2% Upside

Broker Ratings

New Gold Inc. found using ticker (NGD) have now 13 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 5 and 2.77 calculating the mean target price we have 3.81. With the stocks previous close at 2.15 this would imply there is a potential upside of 77.2%. The day 50 moving average is 1.96 and the 200 moving average now moves to 1.69. The company has a market cap of $1,419m. 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 holds 100% interests in the Blackwater gold-silver project located in British Columbia, Canada; and operates the Cerro San Pedro gold-silver mine in Mexico. New Gold Inc. is headquartered in Toronto, Canada.

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