Scotiabank analyst Eric Winmill raised the firm’s price target on New Gold (NGD) to $12.75 from $10.50 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
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