New Gold's price target raised to C$4.00 by Canaccord Genuity, with major banks upgrading ratings.
New Gold's (TSE:NGD) price target raised to C$4.00 by Canaccord Genuity Group, with TD Securities, Bank of America, CIBC World Mkts, BMO Capital Markets, and National Bank Financial also upgrading their ratings and targets. Raymond James lowered Q2 2024 EPS estimate to $0.00, but other analysts offer a positive outlook. New Gold, an intermediate gold mining company, has a market cap of C$1.97B, P/E ratio of -20.36, and debt-to-equity ratio of 54.32.
July 26, 2024
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