Roth MKM Reiterates Buy on New Found Gold, Maintains $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Mike Niehuser has reiterated a 'Buy' rating on New Found Gold (AMEX:NFGC) and maintained a price target of $9.
September 06, 2023 | 3:45 pm
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POSITIVE IMPACT
New Found Gold's stock may see positive movement due to the reiterated 'Buy' rating and maintained price target of $9 by Roth MKM.
Analyst ratings and price targets can significantly influence the stock price. A 'Buy' rating suggests that the analyst believes the stock will perform well in the future, which can lead to increased investor confidence and potentially a rise in stock price. The maintained price target of $9 also indicates the analyst's belief that the stock is undervalued at current prices, which could further drive buying interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100