RBC Capital analyst Michael Siperco maintained a Buy rating on New Gold on October 7. The company’s shares closed yesterday at $6.82.
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Siperco covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Orla Mining, and IAMGOLD. According to TipRanks, Siperco has an average return of 48.3% and a 73.35% success rate on recommended stocks.
New Gold has an analyst consensus of Strong Buy, with a price target consensus of $6.51, representing a -4.55% downside. In a report released on September 29, Bank of America Securities also maintained a Buy rating on the stock with a $7.85 price target.
NGD market cap is currently $5.71B and has a P/E ratio of 39.60.
Read More on NGD:
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- New Gold Announces Departure of Board Member Christian Milau
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