New Gold Inc. (NGD)
NYSEAMERICAN: NGD · IEX Real-Time Price · USD
1.980
+0.030 (1.54%)
At close: Jul 2, 2024, 4:00 PM
1.970
-0.010 (-0.51%)
After-hours: Jul 2, 2024, 8:00 PM EDT
New Gold Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for New Gold stock have an average target of 2.75, with a low estimate of 2.00 and a high estimate of 3.50. The average target predicts an increase of 38.89% from the current stock price of 1.98.
Analyst Consensus: Buy
* Price targets were last updated on Jun 3, 2024.
Analyst Ratings
The average analyst rating for New Gold stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 0 | 2 | 3 | 3 |
| Hold | 0 | 0 | 2 | 2 | 1 | 1 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| CIBC | CIBC | Hold → Buy Upgrades $2.1 → $3 | Hold → Buy | Upgrades | $2.1 → $3 | +51.52% | Jun 3, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $3 → $3.5 | Buy | Maintains | $3 → $3.5 | +76.77% | May 31, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $2.25 → $2.5 | Buy | Maintains | $2.25 → $2.5 | +26.26% | May 23, 2024 |
| Scotiabank | Scotiabank | Hold → Buy Upgrades $2 → $2.25 | Hold → Buy | Upgrades | $2 → $2.25 | +13.64% | May 21, 2024 |
| CIBC | CIBC | Hold Maintains $1.6 → $2.1 | Hold | Maintains | $1.6 → $2.1 | +6.06% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
955.63M
from 786.50M
Increased by 21.50%
Revenue Next Year
1.12B
from 955.63M
Increased by 17.10%
EPS This Year
0.14
from -0.09
EPS Next Year
0.24
from 0.14
Increased by 71.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.0B | 1.3B | 1.5B | 1.5B |
| Avg | 955.6M | 1.1B | 1.3B | 1.5B |
| Low | 903.6M | 985.9M | 1.1B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 28.9% | 31.4% | 33.5% | 21.2% |
| Avg | 21.5% | 17.1% | 12.5% | 16.6% |
| Low | 14.9% | 3.2% | -3.2% | 13.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.24 | 0.42 | 0.51 | 0.63 | 0.57 |
| Avg | 0.14 | 0.24 | 0.35 | 0.58 | 0.55 |
| Low | 0.06 | 0.14 | 0.11 | 0.53 | 0.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 197.0% | 112.3% | 80.3% | -1.5% |
| Avg | - | 71.4% | 44.2% | 64.7% | -5.3% |
| Low | - | -3.0% | -55.5% | 51.4% | -8.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.