Scotiabank Maintains Sector Outperform on New Gold, Raises Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Eric Winmill has maintained a Sector Outperform rating on New Gold (AMEX:NGD) and raised the price target from $2.25 to $2.5.
May 23, 2024 | 7:14 pm
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Scotiabank has reaffirmed its Sector Outperform rating on New Gold and increased the price target from $2.25 to $2.5, indicating a positive outlook for the stock.
The reaffirmation of the Sector Outperform rating and the increase in the price target from $2.25 to $2.5 by Scotiabank suggests a positive short-term outlook for New Gold. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100