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Scotiabank analyst Eric Winmill raised the firm’s price target on New Gold (NGD) to $4.75 from $4.25 and keeps an Outperform rating on the shares. The firm has a positive outlook on the Gold & Precious Minerals sector, the analyst tells investors. The firm expects consolidation to continue into 2025, with heightened marketing & acquisition activity enabling companies to optimize their asset portfolios.

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Disclaimer & DisclosureReport an Issue

• Unusually active option classes on open April 9th

• New Gold price target raised to $4.25 from $4 at Scotiabank

• New Gold price target raised to $4.10 from $3.90 at BofA

• New Gold Consolidates Full Ownership of New Afton Mine

• New Gold consolidates 100% interest in New Afton Mine