New Gold (NGD)
Raymond James analyst Farooq Hamed reiterated a Hold rating on New Gold today and set a price target of C$2.50. The company’s shares closed last Tuesday at $1.20, close to its 52-week low of $1.01.
According to TipRanks.com, Hamed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.2% and a 37.5% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Lundin Mining, and Ero Copper.
Currently, the analyst consensus on New Gold is a Hold with an average price target of $1.67, which is a 33.6% upside from current levels. In a report issued on September 8, RBC Capital also upgraded the stock to Hold with a $1.50 price target.
In a report released today, Sean Steuart from TD Securities maintained a Buy rating on Cascades, with a price target of C$18.50. The company’s shares closed last Tuesday at $12.52.
According to TipRanks.com, Steuart is a 4-star analyst with an average return of 11.1% and a 61.1% success rate. Steuart covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Interfor, and Canfor.
Cascades has an analyst consensus of Strong Buy, with a price target consensus of $15.47.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.