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New Gold (NGD) Stock Forecast & Price Target

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C$3.61 +0.03 (+0.84%)
(As of 12/20/2024 05:17 PM ET)

New Gold - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
7

Based on 8 Wall Street analysts who have issued ratings for New Gold in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 1 has given a hold rating, 4 have given a buy rating, and 3 have given a strong buy rating for NGD.

Consensus Price Target

C$3.71
2.77% Upside
According to the 8 analysts' twelve-month price targets for New Gold, the average price target is C$3.71. The highest price target for NGD is C$4.50, while the lowest price target for NGD is C$2.30. The average price target represents a forecasted upside of 2.77% from the current price of C$3.61.
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NGD Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
3 Strong Buy rating(s)
3 Strong Buy rating(s)
3 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$3.71C$3.71C$3.71C$1.90
Forecasted Upside2.77% Upside-7.48% Downside-12.50% Downside-6.40% Downside
Consensus Rating
Buy
Buy
Buy
Hold

NGD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NGD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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New Gold Stock vs. The Competition

TypeNew GoldBasic Materials Companies
Consensus Rating Score
3.25
2.76
Consensus RatingBuyModerate Buy
News Sentiment Rating
Positive News

See Recent NGD News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/22/2024Canaccord Genuity Group
5 of 5 stars
 Boost TargetBuyC$4.00 ➝ C$4.50+25.70%
8/1/2024National Bankshares
1 of 5 stars
 Boost TargetOutperformC$4.00 ➝ C$4.25+35.35%
7/31/2024BMO Capital Markets
4 of 5 stars
 Boost TargetC$4.25 ➝ C$4.50+42.86%
7/10/2024Cibc World Mkts
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A. Soni
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UpgradeStrong-Buy
6/3/2024CIBC
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 UpgradeNeutral ➝ OutperformC$2.10 ➝ C$3.00+4.53%
5/21/2024TD Securities
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S. Green
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UpgradeStrong Sell ➝ Hold
5/21/2024Scotiabank
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E. Winmill
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UpgradeHold ➝ Strong-Buy
5/17/2024National Bank Financial
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M. Parkin
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UpgradeHold ➝ Strong-Buy
4/9/2024Bank of America
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 Boost TargetC$1.90 ➝ C$2.30-6.88%
4/20/2023Raymond James
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 Boost TargetMarket PerformC$1.00 ➝ C$1.50-14.29%
2/17/2023Laurentian
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 Lower TargetC$2.75 ➝ C$2.50+93.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:13 PM ET.


NGD Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for New Gold is C$3.71, with a high forecast of C$4.50 and a low forecast of C$2.30.

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There is currently 1 hold rating, 4 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NGD shares.

According to analysts, New Gold's stock has a predicted upside of 2.77% based on their 12-month stock forecasts.

Analysts like New Gold more than other "basic materials" companies. The consensus rating for New Gold is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how NGD compares to other companies.


This page (TSE:NGD) was last updated on 12/21/2024 by MarketBeat.com Staff
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