New Gold Inc. (NGD)
NYSEAMERICAN: NGD · Real-Time Price · USD
2.510
+0.030 (1.21%)
Dec 20, 2024, 4:00 PM EST - Market closed
New Gold Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for New Gold stock have an average target of 3.04, with a low estimate of 2.00 and a high estimate of 3.50. The average target predicts an increase of 21.12% from the current stock price of 2.51.
Analyst Consensus: Buy
* Price targets were last updated on Sep 17, 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $2.75 → $3.25 | Buy | Maintains | $2.75 → $3.25 | +29.48% | Sep 17, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $2.5 → $2.75 | Buy | Maintains | $2.5 → $2.75 | +9.56% | Aug 19, 2024 |
| CIBC | CIBC | Buy Maintains $3 → $3.4 | Buy | Maintains | $3 → $3.4 | +35.46% | Jul 10, 2024 |
| CIBC | CIBC | Hold → Buy Upgrades $2.1 → $3 | Hold → Buy | Upgrades | $2.1 → $3 | +19.52% | Jun 3, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $3 → $3.5 | Buy | Maintains | $3 → $3.5 | +39.44% | May 31, 2024 |
Financial Forecast
Revenue This Year
963.73M
from 786.50M
Increased by 22.53%
Revenue Next Year
1.26B
from 963.73M
Increased by 31.05%
EPS This Year
0.21
from -0.09
EPS Next Year
0.36
from 0.21
Increased by 73.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.0B | 1.4B | 1.7B |
| Avg | 963.7M | 1.3B | 1.4B |
| Low | 927.1M | 1.1B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 28.3% | 43.1% | 31.4% |
| Avg | 22.5% | 31.1% | 10.5% |
| Low | 17.9% | 18.8% | -12.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.25 | 0.53 | 0.66 | ||
| Avg | 0.21 | 0.36 | 0.47 | ||
| Low | 0.17 | 0.22 | 0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 153.6% | 83.8% | ||
| Avg | - | 73.8% | 30.6% | ||
| Low | - | 4.1% | -70.0% |
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.