NewCastle Gold Ltd (NCA) PT Raised to C$1.75

NewCastle Gold Ltd (CVE:NCA) had its target price hoisted by investment analysts at BMO Capital Markets from C$1.00 to C$1.75 in a research note issued on Friday, reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 48.31% from the company’s current price.

Separately, TD Securities raised their price objective on NewCastle Gold from C$1.75 to C$2.00 and gave the company a “speculative buy” rating in a research report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$1.22.

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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