New Gold Inc. (NGD)
NYSEAMERICAN: NGD · Real-Time Price · USD
2.780
0.00 (0.00%)
At close: Nov 20, 2024, 4:00 PM
2.790
+0.010 (0.36%)
After-hours: Nov 20, 2024, 7:50 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 9.35% from the current stock price of 2.78.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '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 | +16.91% | Sep 17, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $2.5 → $2.75 | Buy | Maintains | $2.5 → $2.75 | -1.08% | Aug 19, 2024 |
| CIBC | CIBC | Buy Maintains $3 → $3.4 | Buy | Maintains | $3 → $3.4 | +22.30% | Jul 10, 2024 |
| CIBC | CIBC | Hold → Buy Upgrades $2.1 → $3 | Hold → Buy | Upgrades | $2.1 → $3 | +7.91% | Jun 3, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $3 → $3.5 | Buy | Maintains | $3 → $3.5 | +25.90% | May 31, 2024 |
Financial Forecast
Revenue This Year
970.92M
from 786.50M
Increased by 23.45%
Revenue Next Year
1.21B
from 970.92M
Increased by 24.93%
EPS This Year
0.18
from -0.09
EPS Next Year
0.34
from 0.18
Increased by 92.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.0B | 1.3B | 1.7B | |
| Avg | 970.9M | 1.2B | 1.4B | |
| Low | 912.7M | 1.1B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 31.3% | 38.3% | 36.8% | |
| Avg | 23.4% | 24.9% | 11.3% | |
| Low | 16.0% | 12.5% | -8.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.23 | 0.53 | 0.66 | ||
| Avg | 0.18 | 0.34 | 0.44 | ||
| Low | 0.14 | 0.22 | 0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 195.7% | 93.1% | ||
| Avg | - | 92.9% | 27.6% | ||
| Low | - | 21.4% | -68.5% |
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.