New Gold price target raised to $4.75 from $4.25 at Scotiabank

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.