Jul. 30 at 3:40 AM
$NGD New Gold Price Target Raised to US
$6.50 at CIBC, from 1 hour
New Gold Price Target Raised to US
$6.50 at CIBC, from 1 hour ago by MT Newswires
1 hour ago by MT Newswires
Companies Mentioned: NGD, NGD
08:38 AM EDT, 07/29/2025 (MT Newswires) -- CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US
$6.50 from US
$6.25.
Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold mining company following its Q2 results before market open on July 28.
"The beat against our estimate was on the back of lower operating costs, depreciation, and taxes, partially offsetting the lower-than-estimated gold production," Soni said in a note to clients.
"Quarterly free cash flow of
$63M represented a quarterly record," the analyst said.
"We believe focus will remain on New Gold's free cash flow set-up for the back half of this year which remains intact."
