New Gold Inc. (NGD)

New Gold Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for New Gold stock have an average target of 3.23, with a low estimate of 2.00 and a high estimate of 4.00. The average target predicts a decrease of -10.28% from the current stock price of 3.60.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$2.00	$3.23	$3.50	$4.00
Change	-44.44%	-10.28%	-2.78%	+11.11%

* Price targets were last updated on Feb 13, 2025.

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
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
Eric Winmill Scotiabank	Scotiabank	Buy Maintains $3.5 → $4	Buy	Maintains	$3.5 → $4	+11.11%	Feb 13, 2025
Eric Winmill Scotiabank	Scotiabank	Buy Maintains $2.75 → $3.25	Buy	Maintains	$2.75 → $3.25	-9.72%	Sep 17, 2024
Eric Winmill Scotiabank	Scotiabank	Buy Maintains $2.5 → $2.75	Buy	Maintains	$2.5 → $2.75	-23.61%	Aug 19, 2024
Anita Soni CIBC	CIBC	Buy Maintains $3 → $3.4	Buy	Maintains	$3 → $3.4	-5.56%	Jul 10, 2024
Anita Soni CIBC	CIBC	Hold → Buy Upgrades $2.1 → $3	Hold → Buy	Upgrades	$2.1 → $3	-16.67%	Jun 3, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.16B

Increased by 25.37%

from 924.50M

Revenue Next Year

1.65B

Increased by 42.62%

from 1.16B

EPS This Year

0.34

Increased by 146.21%

from 0.14

EPS Next Year

0.65

Increased by 93.23%

from 0.34

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	643.40M	745.50M	604.40M	786.50M	924.50M	1.16B	1.65B	1.61B
Revenue Growth	2.03%	15.87%	-18.93%	30.13%	17.55%	25.37%	42.62%	-2.72%
EPS	-0.12	0.21	-0.10	-0.09	0.14	0.34	0.65	0.68
EPS Growth	-	-	-	-	-	146.21%	93.23%	4.28%
Forward PE	-	-	-	-	-	10.72	5.55	5.32
No. Analysts	-	-	-	-	-	10	9	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	1.3B	1.9B	1.7B
Avg	1.2B	1.7B	1.6B
Low	1.0B	1.4B	1.6B

Revenue Growth

Revenue Growth	2025	2026	2027
High	38.8%	60.4%	1.1%
Avg	25.4%	42.6%	-2.7%
Low	12.1%	21.5%	-5.6%

EPS Forecast

EPS	2025	2026	2027	2028
High	0.50	0.98	0.79
Avg	0.34	0.65	0.68
Low	0.15	0.31	0.58

EPS Growth

EPS Growth	2025	2026	2027	2028
High	269.5%	190.8%	21.4%
Avg	146.2%	93.2%	4.3%
Low	7.8%	-6.6%	-10.9%

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.