The Globe and Mail reports in its Friday, Oct. 31, edition that TD Cowen analyst Steven Green, following New Gold's third quarter results that included "strong" free cash flow generation, bumped his share target ahead to $7.50 from $7 with an unchanged "hold" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $10.41. Mr. Green says in a note: "We believe the increased exposure to New Afton better positions New Gold by increasing its exposure to a higher-quality asset and increasing its ability to reduce debt and generate strong cash flow. However, the stock continues to trade at a premium NAV to its peer group, and given the limited mine life of Rainy River's open pit, we view the stock as fully valued." The Globe reported on Sept. 10 that National Bank Financial analyst Mohamed Sidibe was keeping his "outperform" call on New Gold intact. The shares were then going for $8.79.