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New Gold - NGD Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$3.71
  • Forecasted Upside: -4.87%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 4 Buy Ratings
  • 3 Strong Buy Ratings
C$3.90 As of 11/20/2024 06:33 PM ET
▲ +0.01 (0.26%)

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 C$3.71
▼ -4.87% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for New Gold in the last 3 months. The average price target is C$3.71, with a high forecast of C$4.50 and a low forecast of C$2.30. The average price target represents a -4.87% upside from the last price of C$3.90.

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 Buy

The current consensus among 8 contributing investment analysts is to buy stock in New Gold. This rating has held steady since April 2024, when it changed from a Moderate Buy consensus rating.

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
5/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2024
  • 2 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2024
  • 3 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2024
  • 3 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2024
  • 3 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/22/2024Canaccord Genuity GroupBoost TargetBuyC$4.00 ➝ C$4.50
8/1/2024National BanksharesBoost TargetOutperformC$4.00 ➝ C$4.25
7/31/2024BMO Capital MarketsBoost TargetC$4.25 ➝ C$4.50
7/23/2024Canaccord Genuity GroupBoost TargetC$3.25 ➝ C$4.00
7/10/2024Cibc World MktsUpgradeStrong-Buy
6/3/2024Cibc World MktsUpgradeStrong-Buy
6/3/2024CIBCUpgradeNeutral ➝ OutperformC$2.10 ➝ C$3.00
5/31/2024BMO Capital MarketsBoost TargetOutperformC$3.00 ➝ C$3.50
5/21/2024TD SecuritiesUpgradeStrong Sell ➝ Hold
5/21/2024ScotiabankUpgradeHold ➝ Strong-Buy
5/21/2024National BanksharesUpgradeSector Perform ➝ OutperformC$3.25 ➝ C$3.50
5/17/2024National Bank FinancialUpgradeHold ➝ Strong-Buy
4/23/2024Canaccord Genuity GroupBoost TargetC$2.75 ➝ C$3.00
4/9/2024Bank of AmericaBoost TargetC$1.90 ➝ C$2.30
4/8/2024National Bank FinancialReiterated RatingSector Perform Spec Overwgt
2/20/2024National BanksharesLower TargetSector PerformC$2.25 ➝ C$2.00
1/3/2024National Bank FinancialReiterated RatingSector Perform Spec Overwgt
10/6/2023BMO Capital MarketsBoost TargetOutperformC$2.00 ➝ C$2.25
7/28/2023National BanksharesLower TargetC$2.00 ➝ C$1.75
4/28/2023National Bank FinancialLower TargetC$2.25 ➝ C$2.00
4/28/2023National BanksharesLower TargetSector PerformC$2.25 ➝ C$2.20
4/20/2023Raymond JamesBoost TargetMarket PerformC$1.00 ➝ C$1.50
4/18/2023National Bank FinancialBoost TargetC$1.75 ➝ C$2.25
4/5/2023Bank of AmericaBoost TargetC$1.30 ➝ C$1.40
2/17/2023LaurentianLower TargetC$2.75 ➝ C$2.50
1/13/2023National BanksharesBoost TargetSector PerformC$1.60 ➝ C$1.75
12/6/2022TD SecuritiesDowngradeSellC$0.85
11/22/2022Bank of AmericaLower TargetC$1.30 ➝ C$1.25
10/20/2022Canaccord Genuity GroupLower TargetC$1.75 ➝ C$1.60
10/13/2022National BanksharesBoost TargetSector PerformC$1.40 ➝ C$1.50
10/3/2022National BanksharesBoost TargetC$1.20 ➝ C$1.40
10/3/2022CormarkBoost TargetC$1.00 ➝ C$1.30
10/3/2022Royal Bank of CanadaUpgradeBuyC$1.25
7/21/2022National BanksharesLower TargetSector PerformC$1.50 ➝ C$1.20
7/13/2022BMO Capital MarketsLower TargetC$3.00 ➝ C$2.00
7/13/2022CormarkLower TargetSector PerformC$2.25 ➝ C$1.00
7/12/2022Credit Suisse GroupLower TargetC$1.40 ➝ C$1.10
7/12/2022National BanksharesLower TargetSector PerformC$2.50 ➝ C$1.50
7/12/2022CSFBLower TargetC$1.40 ➝ C$1.10
4/22/2022Canaccord Genuity GroupUpgradeHold ➝ BuyC$2.25 ➝ C$3.00
4/20/2022National BanksharesLower TargetC$2.75 ➝ C$2.50
2/25/2022National BanksharesLower TargetSector PerformC$2.75 ➝ C$2.50
2/24/2022BMO Capital MarketsLower TargetC$3.50 ➝ C$3.25
1/18/2022Canaccord Genuity GroupDowngradeHoldC$2.25
11/19/2021National BanksharesBoost TargetSector PerformC$2.25 ➝ C$2.50
11/16/2021CormarkBoost TargetC$2.00 ➝ C$2.25
10/22/2021National BanksharesBoost TargetC$2.00 ➝ C$2.25
9/16/2021CormarkReiterated RatingSector Perform
9/15/2021CormarkLower TargetNAC$2.00
9/15/2021BMO Capital MarketsReiterated RatingHold
9/14/2021Raymond JamesReiterated RatingHoldC$2.50
9/14/2021BMO Capital MarketsLower TargetNAC$3.50 ➝ C$3.25
9/10/2021National Bank FinancialLower TargetSector PerformC$2.75 ➝ C$2.50
9/10/2021National BanksharesLower TargetSector PerformC$2.50 ➝ C$2.00
9/8/2021Royal Bank of CanadaUpgradeUnderperform ➝ Sector PerformC$1.75 ➝ C$1.90
8/17/2021Raymond JamesBoost TargetMarket PerformC$2.50
8/12/2021BMO Capital MarketsLower TargetC$3.50
8/12/2021TD SecuritiesLower TargetHoldC$1.70
8/12/2021National Bank FinancialDowngradeOutperform Overweight ➝ Sector PerformC$2.75
8/12/2021Royal Bank of CanadaReiterated RatingUnderperformC$2.20
7/16/2021National Bank FinancialLower TargetNAC$3.50
7/16/2021National BanksharesLower TargetC$4.00 ➝ C$3.50
6/18/2021Royal Bank of CanadaReiterated RatingUnderperformC$2.15
5/20/2021National Bank FinancialBoost TargetOutperformC$4.00
5/20/2021National BanksharesBoost TargetOutperformC$3.00 ➝ C$4.00
5/6/2021Royal Bank of CanadaReiterated RatingUnderperformC$2.15
4/23/2021National BanksharesLower TargetOutperformC$3.25 ➝ C$3.00
4/23/2021National Bank FinancialLower TargetOutperformC$3.00
2/12/2021Raymond JamesReiterated RatingMarket PerformC$2.25
2/12/2021National Bank FinancialReiterated RatingOutperformC$4.25 ➝ C$4.00
1/11/2021ScotiabankBoost TargetC$2.50 ➝ C$2.75
11/18/2020National Bank FinancialBoost TargetOutperformC$3.75 ➝ C$4.00
10/20/2020National Bank FinancialBoost TargetOutperformC$3.50 ➝ C$3.75
10/14/2020Eight CapitalBoost TargetC$2.20 ➝ C$3.00
10/14/2020National Bank FinancialBoost TargetOutperformC$3.50 ➝ C$3.75
10/8/2020Bank of AmericaBoost TargetC$2.10 ➝ C$2.35
9/21/2020Credit Suisse GroupReiterated RatingNeutralC$1.70
9/21/2020CSFBSet TargetNeutralC$1.70
9/11/2020National Bank FinancialBoost TargetC$3.30 ➝ C$3.50
8/17/2020National Bank FinancialBoost TargetOutperformC$2.60 ➝ C$3.30
7/31/2020Eight CapitalBoost TargetC$1.85 ➝ C$2.20
7/22/2020National Bank FinancialBoost TargetOutperformC$2.50 ➝ C$2.60
7/20/2020Eight CapitalBoost TargetC$1.25 ➝ C$1.85
5/22/2020National Bank FinancialUpgradeSector Perform ➝ OutperformC$1.30 ➝ C$2.10
4/23/2020National Bank FinancialBoost TargetSector PerformC$1.15 ➝ C$1.30
4/21/2020Eight CapitalBoost TargetC$1.10 ➝ C$1.25
4/14/2020National Bank FinancialBoost TargetSector PerformC$1.00 ➝ C$1.15
3/25/2020National Bank FinancialLower TargetSector PerformC$1.50 ➝ C$1.00
2/26/2020CormarkBoost TargetC$1.50 ➝ C$1.75
2/24/2020National Bank FinancialLower TargetSector PerformC$1.40 ➝ C$1.30
2/18/2020Eight CapitalLower TargetC$1.75 ➝ C$1.10
2/14/2020CormarkLower TargetC$1.60 ➝ C$1.50
2/14/2020BMO Capital MarketsLower TargetC$1.50 ➝ C$1.25
2/11/2020Royal Bank of CanadaReiterated RatingUnderperformC$0.65
12/18/2019BMO Capital MarketsLower TargetC$2.00 ➝ C$1.50
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.77 (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
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024
  • 4 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 4 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 2 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 4 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 4 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024

Current Sentiment

  • 4 very positive mentions
  • 3 positive mentions
  • 1 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: C$3.90
Low: C$3.84
High: C$3.94

50 Day Range

MA: C$3.88
Low: C$3.17
High: C$4.27

52 Week Range

Now: C$3.90
Low: C$1.47
High: C$4.37

Volume

895,621 shs

Average Volume

1,439,690 shs

Market Capitalization

C$3.08 billion

P/E Ratio

N/A

Dividend Yield

0.92%

Beta

1.59

Frequently Asked Questions

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

The following equities research analysts have issued reports on New Gold in the last twelve months: Bank of America Co., BMO Capital Markets, Canaccord Genuity Group Inc., CIBC, Cibc World Mkts, National Bank Financial, National Bankshares, Inc., Scotiabank, and TD Securities.
View the latest analyst ratings for NGD.

What is the current price target for New Gold?

0 Wall Street analysts have set twelve-month price targets for New Gold in the last year. Their average twelve-month price target is C$3.71, suggesting a possible downside of 4.9%. BMO Capital Markets has the highest price target set, predicting NGD will reach C$4.50 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of C$2.30 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 hold rating, 4 buy ratings and 3 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe NGD will outperform the market and that investors should add to their positions of New Gold.
View the latest ratings for NGD.

What other companies compete with New Gold?

Other companies that are similar to New Gold include TRX Gold, Pan American Silver, Alamos Gold, Lundin Gold and Yamana Gold. 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 company's listed phone number is +1-416-3246000. The official website for New Gold is www.newgold.com. Learn More about contacing New Gold investor relations.