Roth MKM Reiterates Buy on New Found Gold, Maintains $9 Price Target
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Mike Niehuser has reiterated a 'Buy' rating on New Found Gold (AMEX:NFGC) and maintained a $9 price target.
August 29, 2023 | 1:08 pm
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New Found Gold's stock rating has been reiterated as 'Buy' by Roth MKM with a maintained price target of $9.
The reiteration of a 'Buy' rating by a reputable analyst like Mike Niehuser from Roth MKM indicates a positive outlook for the company. The maintained price target of $9 also suggests that the analyst believes the stock is undervalued, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100