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New Gold (NGD) Stock Forecast & Price Target

$2.22
0.00 (0.00%)
(As of 08:58 AM ET)

New Gold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for New Gold in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for NGD.

Consensus Price Target

$2.18
-1.65% Downside
High Forecast$3.50
Average Forecast$2.18
Low Forecast$1.05

According to the 7 analysts' twelve-month price targets for New Gold, the average price target is $2.18. The highest price target for NGD is $3.50, while the lowest price target for NGD is $1.05. The average price target represents a forecasted downside of -1.65% from the current price of $2.22.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$2.18$2.12$1.64$1.08
Forecasted Upside-1.65% Downside26.35% Upside28.95% Upside17.36% Upside
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NGD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NGD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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New Gold Stock vs. The Competition

TypeNew GoldBasic Materials CompaniesS&P 500
Consensus Rating Score
2.86
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-1.65% Downside307.01% Upside10.08% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Cibc World Mkts
0 of 5 stars
A. Soni
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UpgradeStrong-Buy
7/10/2024CIBC
3 of 5 stars
 Boost TargetOutperformer ➝ Outperformer$3.00 ➝ $3.40+42.86%
5/31/2024BMO Capital Markets
3 of 5 stars
 Initiated CoverageOutperform ➝ Outperform$3.00 ➝ $3.50+59.45%
5/21/2024TD Securities
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S. Green
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UpgradeSell ➝ Hold
5/21/2024Scotiabank
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E. Winmill
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UpgradeSector Perform ➝ Sector Outperform$2.00 ➝ $2.25+6.13%
5/17/2024National Bank Financial
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M. Parkin
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UpgradeHold ➝ Strong-Buy
11/28/2023Raymond James
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 Boost TargetMarket Perform$1.50 ➝ $1.75+21.53%
8/17/2023CSFB
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 Lower TargetNeutral$1.20 ➝ $1.15+16.29%
10/3/2022Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform$1.00 ➝ $1.25+42.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:24 AM ET.

NGD Forecast - Frequently Asked Questions

What is New Gold's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for New Gold is $2.18, with a high forecast of $3.50 and a low forecast of $1.05.

Should I buy or sell New Gold stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 3 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NGD shares.

Does New Gold's stock price have much upside?

According to analysts, New Gold's stock has a predicted upside of 28.26% based on their 12-month stock forecasts.

Has New Gold been upgraded by Wall Street analysts recently?

Over the previous 90 days, New Gold's stock had 6 upgrades by analysts.

What analysts cover New Gold?

New Gold has been rated by research analysts at BMO Capital Markets, CIBC, Cibc World Mkts, National Bank Financial, Scotiabank, and TD Securities in the past 90 days.

Do Wall Street analysts like New Gold more than its competitors?

Analysts like New Gold more than other "basic materials" companies. The consensus rating score for New Gold is 2.86 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how NGD compares to other companies.


This page (NYSE:NGD) was last updated on 7/22/2024 by MarketBeat.com Staff

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