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

Scotiabank analyst Eric Winmill raised the firm’s price target on New Gold (NGD) to $4.25 from $4 and keeps an Outperform rating on the shares. The firm views the company’s agreement to acquire the remaining free cash flow interest in New Afton mine as positive for the shares, the analyst tells investors.

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