Scotiabank raised the firm’s price target on New Gold (NGD) to $8 from $5.50 and keeps an Outperform rating on the shares. The firm is updating its price targets on Gold & Precious Minerals stocks under its coverage, the analyst tells investors. Precious metals prices continue to rally due to global trade and geopolitical uncertainty, the firm adds. Additionally, the firm notes capital returns and corporate M&A momentum is poised to continue.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGD:
- New Gold price target raised to $8.65 from $7.85 at BofA
- New Gold price target raised to C$9.50 from C$6.50 at CIBC
- New Gold price target raised to $7 from $5.50 at Raymond James
- New Gold to Announce Q3 2025 Results and Host Conference Call
- New Gold price target raised to C$9.50 from C$8 at National Bank