Analyst Price Target is C$2.67
▲ +15.87% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for New Gold in the last 3 months. The average price target is C$2.67, with a high forecast of C$4.00 and a low forecast of C$1.70. The average price target represents a 15.87% upside from the last price of C$2.30.
Current Consensus is
The current consensus among 6 contributing investment analysts is to hold stock in New Gold. This rating has held steady since January 2020, when it changed from a Buy consensus rating.
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada. It also operates the Cerro San Pedro gold-silver mine in San Luis PotosÃ, Mexico. The company is headquartered in Toronto, Canada.