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Fly News Breaks for September 5, 2019
NGD
Sep 5, 2019 | 06:47 EDT
As previously reported, RBC Capital analyst Mark Mihaljevic upgraded New Gold to Sector Perform from Underperform and raised his price target to $1.30 from $1.00. The analyst notes that at current metals prices, the risk/reward on the stock has become more balanced. Mihaljevic adds that the recent equity raise, the company's financial position has "improved markedly".
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