$1.74
0.02[1.16%]
At close: Apr 23
$1.74
0[0.00%]
After Hours: 6:08PM EDT
New Gold Stock (AMEX:NGD), Analyst Ratings, Price Targets, Predictions
New Gold Inc has a consensus price target of $1.4, established from looking at the 5 latest analyst ratings. The last 3 analyst ratings were released from Scotiabank, TD Securities, and RBC Capital on April 8, 2024, December 6, 2022, and October 3, 2022. With an average price target of $1.37 between Scotiabank, TD Securities, and RBC Capital, there's an implied -21.46% downside for New Gold Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Scotiabank
TD Securities
RBC Capital
RBC Capital
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for New Gold
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/08/2024 | NGD | Buy Now | New Gold | $1.74 | 14.94% | Scotiabank | Ovais Habib | $1.65 → $2 | Maintains | Sector Perform | Get Alert |
| 12/06/2022 | NGD | Buy Now | New Gold | $1.74 | -51.15% | TD Securities | Steven Green | → $0.85 | Downgrade | Hold → Reduce | Get Alert |
| 10/03/2022 | NGD | Buy Now | New Gold | $1.74 | -28.16% | RBC Capital | Michael Siperco | $1 → $1.25 | Upgrade | Sector Perform → Outperform | Get Alert |
| 07/12/2022 | NGD | Buy Now | New Gold | $1.74 | -42.53% | RBC Capital | Michael Siperco | $1.5 → $1 | Maintains | Sector Perform | Get Alert |
| 09/08/2021 | NGD | Buy Now | New Gold | $1.74 | -13.79% | RBC Capital | Josh Wolfson | — | Upgrade | Underperform → Sector Perform | Get Alert |
FAQ
What is the target price for New Gold (NGD)?
The latest price target for New Gold (AMEX: NGD) was reported by Scotiabank on April 8, 2024. The analyst firm set a price target for $2.00 expecting NGD to rise to within 12 months (a possible 14.94% upside). 1 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for New Gold (NGD)?
The latest analyst rating for New Gold (AMEX: NGD) was provided by Scotiabank, and New Gold maintained their sector perform rating.
When was the last upgrade for New Gold (NGD)?
The last upgrade for New Gold Inc happened on October 3, 2022 when RBC Capital raised their price target to $1.25. RBC Capital previously had a sector perform for New Gold Inc.
When was the last downgrade for New Gold (NGD)?
The last downgrade for New Gold Inc happened on December 6, 2022 when TD Securities changed their price target from N/A to $0.85 for New Gold Inc.
When is the next analyst rating going to be posted or updated for New Gold (NGD)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of New Gold, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for New Gold was filed on April 8, 2024 so you should expect the next rating to be made available sometime around April 8, 2025.
Is the Analyst Rating New Gold (NGD) correct?
While ratings are subjective and will change, the latest New Gold (NGD) rating was a maintained with a price target of $1.65 to $2.00. The current price New Gold (NGD) is trading at is $1.74, which is within the analyst’s predicted range.
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