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Home โบ Stocks โบ New Gold Inc. (NGD) Stock Forecast & Price Prediction Canada | NYSE | Basic Materials | Gold
$4.18
+0.16 (3.98%)10 Quality Stocks Worth Considering Now
Researching New Gold (NGD) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
Get our FREE market selloff report + exclusive analysis on NGD and similar high-potential opportunities.
Based on our analysis of 8 Wall Street analysts, NGD has a bullish consensus with a median price target of $4.53 (ranging from $3.75 to $4.75). The overall analyst rating is Buy (7.3/10). Currently trading at $4.18, the median forecast implies a 8.3% upside. This outlook is supported by 6 Buy, 2 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Anita Soni at CIBC, projecting a 13.6% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NGD.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 8, 2025 | CIBC | Anita Soni | Outperformer | Maintains | $4.75 |
Apr 14, 2025 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $4.75 |
Apr 8, 2025 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $4.25 |
Feb 13, 2025 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $4.00 |
Sep 17, 2024 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $3.25 |
Aug 19, 2024 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $2.75 |
Jul 10, 2024 | CIBC | Anita Soni | Outperformer | Maintains | $3.40 |
Jun 3, 2024 | CIBC | Anita Soni | Outperformer | Upgrade | $3.00 |
May 31, 2024 | BMO Capital | Brian Quast | Outperform | Maintains | $3.50 |
May 23, 2024 | Scotiabank | Eric Winmill | Sector Outperform | Maintains | $2.50 |
May 21, 2024 | Scotiabank | Eric Winmill | Sector Outperform | Upgrade | $2.25 |
Apr 15, 2024 | CIBC | Neutral | Maintains | $0.00 | |
Apr 8, 2024 | Scotiabank | Ovais Habib | Sector Perform | Maintains | $2.00 |
Dec 6, 2022 | TD Securities | Steven Green | Reduce | Downgrade | $0.85 |
Oct 3, 2022 | RBC Capital | Michael Siperco | Outperform | Upgrade | $1.25 |
Jul 12, 2022 | RBC Capital | Michael Siperco | Sector Perform | Maintains | $1.00 |
Sep 8, 2021 | RBC Capital | Josh Wolfson | Sector Perform | Upgrade | $1.50 |
Oct 8, 2020 | B of A Securities | Underperform | Maintains | $1.75 | |
Aug 5, 2020 | TD Securities | Hold | Maintains | $1.80 | |
May 13, 2020 | CIBC | Neutral | Maintains | $1.20 |
The following stocks are similar to New Gold based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
New Gold Inc. has a market capitalization of $3.31B with a P/E ratio of 23.2x. The company generates $941.50M in trailing twelve-month revenue with a 13.7% profit margin.
Revenue growth is +8.9% quarter-over-quarter, while maintaining an operating margin of +15.8% and return on equity of +14.6%.
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Intermediate gold mining company focused on sustainability.
The company generates revenue through the exploration, development, and production of gold, silver, and copper from its mining operations. By operating two major mines in Canada, New Gold Inc. capitalizes on the demand for precious metals while implementing environmentally responsible practices to ensure sustainability and community engagement.
New Gold Inc. plays a crucial role in the precious metals sector, providing essential resources for various applications, including electronics and investment products. Its strategic focus on North American resources, combined with innovation and strong community relations, positions the company as a significant player in the global mining industry and commodity markets.
Basic Materials
Gold
0
Mr. Patrick Godin Asc., B.Sc., Eng., M.Eng., P.Eng.
Canada
2004
New Gold (NGD) is being evaluated as a potential top stock pick for momentum investors. Further analysis is required to determine its suitability.
The evaluation of New Gold's potential as a momentum stock signals possible shifts in investor interest, impacting stock price and trading volume.
New Gold Inc. reported strong support for its Board of Directors election at the May 6, 2025, meeting, with most nominees receiving over 99% approval. The advisory vote on pay passed with 94.37% approval.
The strong support for New Gold's board members indicates investor confidence and stability, which can positively affect stock performance and shareholder trust.
New Gold reported positive free cash flow in Q1-25, with better-than-expected results at New Afton. C-Zone is set to ramp up by early 2026, and Rainy River is accessing higher grades.
New Gold's solid Q1 performance and positive cash flow signal operational strength, while upcoming growth from C-Zone and Rainy River's higher grades may enhance future profitability and investor confidence.
New Gold Inc. (NYSE:NGD) will hold its Q1 2025 Earnings Conference Call on April 30, 2025, at 8:30 AM ET, featuring key executives and analysts from major financial institutions.
The upcoming Q1 2025 earnings call for New Gold Inc. will provide insights into the company's financial health and strategic direction, impacting stock performance and investor sentiment.
New Gold Inc. reported strong quarterly results for Q1 2025, generating free cash flow and achieving key objectives, enabling increased production and exploration activities.
Solid quarterly performance and free cash flow generation signal financial health and growth potential for New Gold, indicating a positive outlook for production and exploration activities.
New Gold Inc. has completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers' Pension Plan, consolidating its interest to 100%.
New Gold's consolidation of 100% free cash flow interest in New Afton enhances control and potential profitability, positively impacting future cash flows and investor confidence.
Based on our analysis of 8 Wall Street analysts, New Gold Inc. (NGD) has a median price target of $4.53. The highest price target is $4.75 and the lowest is $3.75.
According to current analyst ratings, NGD has 6 Buy ratings, 2 Hold ratings, and 1 Sell ratings. The stock is currently trading at $4.18. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NGD stock could reach $4.53 in the next 12 months. This represents a 8.3% increase from the current price of $4.18. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue through the exploration, development, and production of gold, silver, and copper from its mining operations. By operating two major mines in Canada, New Gold Inc. capitalizes on the demand for precious metals while implementing environmentally responsible practices to ensure sustainability and community engagement.
The highest price target for NGD is $4.75 from Anita Soni at CIBC, which represents a 13.6% increase from the current price of $4.18.
The lowest price target for NGD is $3.75 from at , which represents a -10.3% decrease from the current price of $4.18.
The overall analyst consensus for NGD is bullish. Out of 8 Wall Street analysts, 6 rate it as Buy, 2 as Hold, and 1 as Sell, with a median price target of $4.53.
Stock price projections, including those for New Gold Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.