New Gold Inc has a consensus price target of $1.2, established from looking at the 4 latest analyst ratings. The last 3 analyst ratings were released from TD Securities, RBC Capital, and RBC Capital on December 6, 2022, October 3, 2022, and July 12, 2022. With an average price target of $1.03 between TD Securities, RBC Capital, and RBC Capital, there's an implied -38.49% downside for New Gold Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
12/06/2022 | NGD | Buy Now | New Gold | $1.68 | -49.4% | TD Securities | Steven Green | → $0.85 | Downgrade | Hold → Reduce | Get Alert |
10/03/2022 | NGD | Buy Now | New Gold | $1.68 | -25.6% | RBC Capital | Michael Siperco | $1 → $1.25 | Upgrade | Sector Perform → Outperform | Get Alert |
07/12/2022 | NGD | Buy Now | New Gold | $1.68 | -40.48% | RBC Capital | Michael Siperco | $1.5 → $1 | Maintains | Sector Perform | Get Alert |
09/08/2021 | NGD | Buy Now | New Gold | $1.68 | -10.71% | RBC Capital | Josh Wolfson | — | Upgrade | Underperform → Sector Perform | Get Alert |
The latest price target for New Gold (AMEX: NGD) was reported by TD Securities on December 6, 2022. The analyst firm set a price target for $0.85 expecting NGD to fall to within 12 months (a possible -50.00% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for New Gold (AMEX: NGD) was provided by TD Securities, and New Gold downgraded their reduce rating.
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.
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.
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 December 6, 2022 so you should expect the next rating to be made available sometime around December 6, 2023.
While ratings are subjective and will change, the latest New Gold (NGD) rating was a downgraded with a price target of $0.00 to $0.85. The current price New Gold (NGD) is trading at is $1.70, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.