New Gold Inc. (NGD)
NYSEAMERICAN: NGD · Real-Time Price · USD
2.820
+0.070 (2.55%)
At close: Jan 21, 2025, 4:00 PM
2.830
+0.010 (0.35%)
After-hours: Jan 21, 2025, 7:55 PM EST
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 7.80% from the current stock price of 2.82.
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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '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 |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $2.75 → $3.25 | Buy | Maintains | $2.75 → $3.25 | +15.25% | Sep 17, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $2.5 → $2.75 | Buy | Maintains | $2.5 → $2.75 | -2.48% | Aug 19, 2024 |
| CIBC | CIBC | Buy Maintains $3 → $3.4 | Buy | Maintains | $3 → $3.4 | +20.57% | Jul 10, 2024 |
| CIBC | CIBC | Hold → Buy Upgrades $2.1 → $3 | Hold → Buy | Upgrades | $2.1 → $3 | +6.38% | Jun 3, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $3 → $3.5 | Buy | Maintains | $3 → $3.5 | +24.11% | May 31, 2024 |
Financial Forecast
Revenue This Year
946.56M
from 786.50M
Increased by 20.35%
Revenue Next Year
1.27B
from 946.56M
Increased by 34.38%
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 | 946.6M | 1.3B | 1.5B |
| Low | 905.6M | 1.1B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.7% | 45.7% | 30.4% |
| Avg | 20.4% | 34.4% | 20.4% |
| Low | 15.1% | 21.0% | 14.9% |
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.