New Gold (NGD) Gets a Hold Rating from Canaccord Genuity


Today, an analyst has provided a rating update for the Materials sector company, New Gold (NGD). The company received a Hold rating from Canaccord Genuity’s analyst Carey MacRury, with a C$1.80 price target.

According to TipRanks.com, MacRury is a top 100 analyst with an average return of 18.0% and a 80.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.

Currently, the analyst consensus on New Gold is a Hold with an average price target of C$1.58.

The company has a one-year high of C$2.59 and a one-year low of C$0.82. Currently, New Gold has an average volume of 1.57M.

New Gold Inc. is engaged in the development and operation of mineral properties. Its portfolio includes Rainy RIver, Mesquite, New Afton, Peak Mines, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$1.88.

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