New Gold (NGD) was upgraded to a Buy Rating at TD Cowen
New Gold received a Buy rating and a $12.00 price target from TD Cowen analyst Wayne Lam today.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lam covers the Basic Materials sector, focusing on stocks such as Coeur Mining, New Gold, and OceanaGold. According to TipRanks, Lam has an average return of 15.7% and a 57.73% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Gold with a $8.71 average price target.
Based on New Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$448.87 million and a net profit of C$140.72 million. In comparison, last year the company earned a revenue of C$252 million and had a net profit of C$37.9 million
Read More on NGD:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.