New Gold Inc. – Consensus Indicates Potential 24.5% Upside

Broker Ratings

New Gold Inc. with ticker code (NGD) now have 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 1.5 and 0.95 calculating the average target price we see 1.22. Given that the stocks previous close was at 0.98 this now indicates there is a potential upside of 24.5%. The 50 day moving average now sits at 1.07 and the 200 day MA is 1.01. The company has a market cap of $657m. Visit the company website at:

The potential market cap would be $817m 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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