NGD Crosses Above Average Analyst Target
December 07, 2020 at 09:16 AM EST
In recent trading, shares of New Gold Inc (NGD) have crossed above the average analyst 12-month target price of $1.97, changing hands for $2.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..