BMO Capital Maintains Outperform on New Gold, Raises Price Target to C$2.25
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Quast has maintained an 'Outperform' rating on New Gold (TSX:NGD) and raised the price target from C$2 to C$2.25.
October 06, 2023 | 12:46 pm
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POSITIVE IMPACT
BMO Capital has maintained an 'Outperform' rating on New Gold and raised the price target, indicating a positive outlook for the company.
The 'Outperform' rating maintained by BMO Capital indicates that they expect New Gold to do better than the market average. The increase in the price target from C$2 to C$2.25 suggests that they believe the stock has potential for further growth. This is likely to have a positive impact on the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100