Latest Stocks: NewCastle Gold Ltd (NCA) Price Target Raised to C$1.25

Latest Stocks: NewCastle Gold Ltd (NCA) Price Target Raised to C$1.25

NewCastle Gold Ltd (TSE:NCA) had its price target increased by analysts at BMO Capital Markets from C$1.00 to C$1.25 in a research note issued on Wednesday, May 17th. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 38.89% from the company’s current price.

Several other analysts have also issued reports on the stock. Canaccord Genuity set a C$1.50 price target on shares of NewCastle Gold and gave the stock a “speculative buy” rating in a research report on Tuesday, March 28th. Beacon Securities reaffirmed a “buy” rating on shares of NewCastle Gold in a report on Tuesday, April 18th. National Bank Financial set a C$1.70 price objective on shares of NewCastle Gold and gave the stock an “outperform” rating in a report on Friday, March 3rd. Finally, TD Securities set a C$2.00 price objective on shares of NewCastle Gold and gave the stock a “speculative buy” rating in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$1.61.

Shares of NewCastle Gold (TSE NCA) opened at 0.90 on Wednesday. NewCastle Gold has a 52-week low of $0.52 and a 52-week high of $1.30. The company’s market capitalization is $167.39 million.

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