NewCastle Gold Ltd (TSE:NCA) had its price target boosted by BMO Capital Markets from C$1.00 to C$1.25 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 50.60% from the company’s previous close.
Several other research firms have also commented on NCA. Beacon Securities reaffirmed a “buy” rating on shares of NewCastle Gold in a report on Tuesday, April 18th. TD Securities set a C$2.00 price target on shares of NewCastle Gold and gave the company a “speculative buy” rating in a report on Thursday, February 9th. National Bank Financial set a C$1.70 price target on shares of NewCastle Gold and gave the company an “outperform” rating in a report on Friday, March 3rd. Finally, Canaccord Genuity set a C$1.50 price target on shares of NewCastle Gold and gave the company a “speculative buy” rating in a report on Tuesday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NewCastle Gold currently has a consensus rating of “Buy” and an average target price of C$1.61.
Shares of NewCastle Gold (TSE:NCA) traded up 9.64% during trading on Wednesday, reaching $0.91. The company had a trading volume of 876,125 shares. The company’s market capitalization is $167.11 million. NewCastle Gold has a 1-year low of $0.49 and a 1-year high of $1.30.
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NewCastle Gold Company Profile
NewCastle Gold Ltd., formerly Castle Mountain Mining Company Limited, is an exploration gold company. The Company, through its subsidiaries, including Castle Mountain Venture, focuses on the exploration and development of gold deposits in its Permitted Castle Mountain Gold Project, which is in San Bernardino County, California, approximately 70 miles south of Las Vegas, Nevada.
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