Scotiabank Upgrades New Gold to Sector Outperform, Raises Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Eric Winmill has upgraded New Gold (AMEX:NGD) from Sector Perform to Sector Outperform and raised the price target from $2 to $2.25.
May 21, 2024 | 1:18 pm
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Scotiabank analyst Eric Winmill has upgraded New Gold (AMEX:NGD) from Sector Perform to Sector Outperform and raised the price target from $2 to $2.25.
The upgrade from Sector Perform to Sector Outperform and the raised price target from $2 to $2.25 by Scotiabank is likely to positively impact New Gold's stock price in the short term as it reflects increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100