BMO Raises Price Target for New Gold to C$12.75 Following Q3 Results

BMO Capital Markets maintained its outperform rating on New Gold (NGD.TO) following Q3 results. The firm raised its price target to C$12.75, citing strong operational performance and improved gold and silver production. New Gold's Q3 revenue and EBITDA beat expectations, driven by higher gold and silver prices. The company's strong financial results and positive outlook support its outperform rating.