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New Gold - NGD Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $1.64
  • Forecasted Upside: -8.89%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$1.80 As of 04/25/2024 01:00 AM ET
▲ +0.08 (4.65%)

This chart shows the closing price for NGD by one month, three months, or twelve months.

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Analyst Price Target for NGD

Analyst Price Target is $1.64
▼ -8.89% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for New Gold in the last 3 months. The average price target is $1.64, with a high forecast of $2.25 and a low forecast of $1.05. The average price target represents a -8.89% upside from the last price of $1.80.

This chart shows the closing price for NGD for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 5 polled investment analysts is to hold stock in New Gold. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
11/3/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
2/1/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
5/2/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
7/31/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
10/29/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
1/27/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
3/27/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
4/26/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/8/2024National Bank FinancialReiterated RatingSector Perform Spec Overwgt
4/8/2024ScotiabankBoost TargetSector Perform ➝ Sector Perform$1.65 ➝ $2.00
1/3/2024National Bank FinancialReiterated RatingSector Perform Spec Overwgt
11/28/2023Raymond JamesBoost TargetMarket Perform$1.50 ➝ $1.75
10/27/2023TD SecuritiesBoost TargetReduce$1.00 ➝ $1.05
10/6/2023BMO Capital MarketsBoost TargetOutperform ➝ Outperform$2.00 ➝ $2.25
8/17/2023CSFBLower TargetNeutral$1.20 ➝ $1.15
7/28/2023TD SecuritiesLower TargetReduce$1.05 ➝ $1.00
3/3/2023ScotiabankInitiated CoverageSector Perform
2/17/2023TD SecuritiesLower TargetReduce$0.95 ➝ $0.90
1/13/2023National Bank FinancialBoost TargetC$1.60 ➝ C$1.75
12/6/2022TD SecuritiesDowngradeHold ➝ Reduce$0.85
10/13/2022National Bank FinancialBoost TargetC$1.40 ➝ C$1.50
10/3/2022National Bank FinancialBoost TargetC$1.20 ➝ C$1.40
10/3/2022Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$1.00 ➝ $1.25
7/21/2022National Bank FinancialLower TargetC$1.50 ➝ C$1.20
7/13/2022Raymond JamesLower TargetMarket Perform$2.00 ➝ $1.50
7/13/2022TD SecuritiesLower TargetHold$1.75 ➝ $0.85
7/13/2022BMO Capital MarketsLower TargetC$3.00 ➝ C$2.00
7/12/2022National Bank FinancialLower TargetC$2.50 ➝ C$1.50
7/12/2022Royal Bank of CanadaLower TargetSector Perform$1.50 ➝ $1.00
5/3/2022TD SecuritiesLower TargetHold$2.00 ➝ $1.75
5/3/2022Raymond JamesSet TargetMarket Perform$2.00
4/21/2022Canaccord Genuity GroupUpgradeHold ➝ Buy
4/20/2022National Bank FinancialLower TargetC$2.75 ➝ C$2.50
2/24/2022Raymond JamesSet TargetMarket Perform$2.00
2/4/2022National Bank FinancialBoost TargetC$2.50 ➝ C$2.75
1/18/2022Canaccord Genuity GroupDowngradeBuy ➝ Hold
12/24/2021BMO Capital MarketsInitiated CoverageOutperform
12/14/2021Raymond JamesBoost TargetMarket Perform$1.75 ➝ $2.00
11/22/2021National Bank FinancialBoost TargetSector PerformC$2.25 ➝ C$2.50
11/15/2021Raymond JamesSet TargetMarket Perform$1.75
11/15/2021TD SecuritiesBoost TargetHold$1.50 ➝ $1.75
10/13/2021Raymond JamesLower TargetMarket Perform$2.00 ➝ $1.75
9/17/2021CormarkReiterated RatingHold
9/14/2021Raymond JamesSet TargetMarket Perform$2.00
9/14/2021BMO Capital MarketsLower TargetOutperformC$3.50 ➝ C$3.25
9/8/2021Royal Bank of CanadaUpgradeUnderperform ➝ Sector Perform$1.75 ➝ $1.50
8/17/2021Raymond JamesLower TargetMarket Perform$2.50 ➝ $2.00
8/11/2021National Bank FinancialDowngradeOutperform ➝ Sector Perform
7/16/2021National Bank FinancialLower TargetOutperformC$4.00 ➝ C$3.50
6/9/2021Raymond JamesBoost TargetMarket Perform$2.25 ➝ $2.50
5/21/2021Raymond JamesBoost TargetMarket Perform$2.00 ➝ $2.25
5/6/2021Raymond JamesSet TargetMarket Perform$2.00
2/22/2021Raymond JamesSet TargetMarket Perform$2.25
2/12/2021Raymond JamesSet TargetMarket Perform$2.25
2/11/2021National Bank FinancialReiterated RatingOutperform
2/2/2021CIBCDowngradeSector Outperform ➝ Neutral
1/11/2021National Bank FinancialInitiated CoverageOutperform
11/16/2020Raymond JamesBoost TargetMarket Perform$2.00 ➝ $2.25
10/8/2020Bank of AmericaBoost TargetUnderperform$1.55 ➝ $1.75
9/24/2020Raymond JamesBoost TargetMarket Perform$1.50 ➝ $2.00
9/16/2020CIBCUpgradeNeutral ➝ Sector Outperform
8/26/2020BMO Capital MarketsInitiated CoverageOutperform
8/5/2020Raymond JamesSet TargetMarket Perform$1.50
8/5/2020TD SecuritiesBoost TargetHold$1.30 ➝ $1.80
7/29/2020Credit Suisse GroupReiterated RatingHold$1.40
5/22/2020National Bank FinancialUpgradeSector Perform ➝ Buy$2.10
5/21/2020National Bank FinancialUpgradeSector Perform Spec Under Wgt ➝ Outperform Spec Under Weight
5/17/2020Royal Bank of CanadaReiterated RatingSell$0.55
5/13/2020CIBCBoost TargetNeutral$0.75 ➝ $1.20
4/30/2020TD SecuritiesBoost TargetHold$0.85 ➝ $0.90
4/30/2020Raymond JamesSet TargetMarket Perform$1.25
4/1/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
3/31/2020Raymond JamesLower TargetMarket Perform$1.50 ➝ $1.25
3/25/2020Royal Bank of CanadaReiterated RatingSell$0.40
3/23/2020Raymond JamesSet TargetMarket Perform$1.50
3/18/2020CIBCUpgradeUnderperform ➝ Neutral
2/26/2020Raymond JamesBoost TargetMarket Perform$1.25 ➝ $1.50
2/18/2020Raymond JamesSet TargetMarket Perform$1.25
2/14/2020TD SecuritiesLower TargetHold$1.15 ➝ $0.95
2/14/2020CIBCDowngradeNeutral ➝ Sector Underperform$0.60
1/27/2020Royal Bank of CanadaReiterated RatingSell$0.65
12/4/2019Royal Bank of CanadaInitiated CoverageSell$0.65
11/7/2019Raymond JamesSet TargetMarket Perform$1.25
10/15/2019CIBCSet TargetHold$1.40
9/5/2019Royal Bank of CanadaUpgradeUnderperform ➝ Sector Perform$1.00 ➝ $1.30
8/2/2019Raymond JamesSet TargetMarket Perform$1.25
7/15/2019CIBCUpgradeUnderperform ➝ Neutral
5/30/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight
4/26/2019Raymond JamesSet TargetMarket Perform$1.00
(Data available from 4/26/2019 forward)

News Sentiment Rating

0.61 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/29/2023
  • 7 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/28/2023
  • 2 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 6 very positive mentions
  • 5 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 6 very positive mentions
  • 10 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
2/26/2024
  • 8 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/27/2024
  • 10 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 10 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

New Gold logo
New Gold Inc., an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered in Toronto, Canada.
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Today's Range

Now: $1.80
Low: $1.70
High: $1.81

50 Day Range

MA: N/A

52 Week Range

Now: $1.80
Low: $0.86
High: $1.94

Volume

5,514,066 shs

Average Volume

9,000,372 shs

Market Capitalization

$1.24 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.54

Frequently Asked Questions

What sell-side analysts currently cover shares of New Gold?

The following Wall Street sell-side analysts have issued stock ratings on New Gold in the last year: BMO Capital Markets, CSFB, National Bank Financial, Raymond James, Scotiabank, StockNews.com, TD Securities, and TheStreet.
View the latest analyst ratings for NGD.

What is the current price target for New Gold?

5 Wall Street analysts have set twelve-month price targets for New Gold in the last year. Their average twelve-month price target is $1.64, suggesting a possible downside of 8.9%. BMO Capital Markets has the highest price target set, predicting NGD will reach $2.25 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of $1.05 for New Gold in the next year.
View the latest price targets for NGD.

What is the current consensus analyst rating for New Gold?

New Gold currently has 1 sell rating, 3 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NGD, but not buy more shares or sell existing shares.
View the latest ratings for NGD.

What other companies compete with New Gold?

Other companies that are similar to New Gold include Ferroglobe, North American Palladium, Critical Metals, Lithium Americas (Argentina) and Lithium Americas. Learn More about companies similar to New Gold.

How do I contact New Gold's investor relations team?

New Gold's physical mailing address is 181 Bay St Suite 3510, TORONTO, ON M5J 2T3, Canada. The basic materials company's listed phone number is (416) 324-6000 and its investor relations email address is [email protected]. The official website for New Gold is www.newgold.com. Learn More about contacing New Gold investor relations.