Roth MKM Maintains Buy on New Found Gold, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Mike Niehuser has maintained a Buy rating on New Found Gold (AMEX:NFGC) and increased the price target from $8.5 to $9.
April 08, 2024 | 1:38 pm
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POSITIVE IMPACT
Roth MKM analyst Mike Niehuser has reaffirmed a Buy rating on New Found Gold and raised the price target from $8.5 to $9.
The increase in price target by a reputable analyst suggests a positive outlook on the company's future performance. This endorsement is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100