RE:RE:Canaccord price target $4.25Iveybiz79 wrote: Canaccord Genuity analyst Tom Gallo maintained a Hold rating on New Found Gold Corp on Tuesday, setting a price target of C$4.25, which is approximately 64.96% below the present share price of $10.06.
FYI. If the above is true, it means absolutely zero. Price target on an exploration company like NFG is laughable. I can name you blue chip analyst which had a sell rating on APPLE a decade ago. The guy on BNN who has his half hour show on ETF's was saying he was shorting US equities about 5 years ago. How did that work out?
NFG is priced for perfection and many of us know that. In many ways no different than how Nvidia is priced now or many many others. You have to pay for greatness. So this post is ridiculours. Good luck waiting to buy NFG at 4 bucks.
Come on man.
BC