New Gold Inc. (NGD)
NYSEAMERICAN: NGD · IEX Real-Time Price · USD
1.715
-0.005 (-0.29%)
Apr 24, 2024, 9:31 AM EDT - Market open
New Gold Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for New Gold stock has a target of 2.00, which predicts an increase of 16.62% from the current stock price of 1.72.
Analyst Consensus: Hold
Analyst Ratings
According to 1 stock analyst, the rating for New Gold is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $1.65 → $2 | Hold | Maintains | $1.65 → $2 | +16.62% | Apr 8, 2024 |
| TD Securities | TD Securities | Hold → Sell Downgrades $0.85 | Hold → Sell | Downgrades | $0.85 | -50.44% | Dec 6, 2022 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades $1 → $1.25 | Hold → Buy | Upgrades | $1 → $1.25 | -27.11% | Oct 3, 2022 |
| RBC Capital | RBC Capital | Hold Maintains $1.5 → $1 | Hold | Maintains | $1.5 → $1 | -41.69% | Jul 12, 2022 |
| RBC Capital | RBC Capital | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Sep 8, 2021 |
Financial Forecast
Revenue This Year
860.74M
from 786.50M
Increased by 9.44%
Revenue Next Year
982.28M
from 860.74M
Increased by 14.12%
EPS This Year
0.11
from -0.09
EPS Next Year
0.16
from 0.11
Increased by 47.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 957.6M | 1.1B | 1.3B |
| Avg | 860.7M | 982.3M | 1.3B |
| Low | 751.7M | 834.0M | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.8% | 28.1% | 35.9% |
| Avg | 9.4% | 14.1% | 30.7% |
| Low | -4.4% | -3.1% | 26.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.23 | 0.26 | 0.46 | 0.57 |
| Avg | 0.11 | 0.16 | 0.33 | 0.55 |
| Low | 0.01 | 0.07 | 0.22 | 0.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 148.9% | 197.5% | 70.1% |
| Avg | - | 47.2% | 114.6% | 63.6% |
| Low | - | -35.0% | 38.8% | 58.8% |
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.