On July 15, 2025, CIBC analyst Anita Soni announced an update on New Gold (NGD, Financial), maintaining a positive outlook for the mining company. The rating remains categorized as "Outperformer", consistent with previous assessments.
The price target for New Gold (NGD, Financial) has been adjusted upward by CIBC. The new price target is set at USD 6.25, up from the previous target of USD 5.50. This adjustment reflects a 13.64% increase in the projected price, indicating a bullish forecast for New Gold's (NGD) market performance.
This revision comes amidst positive market conditions and strategic developments within New Gold (NGD, Financial). Investors and market analysts are likely to keep a close watch on how this updated guidance influences the stock's trajectory in the upcoming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for New Gold Inc (NGD, Financial) is $4.99 with a high estimate of $6.30 and a low estimate of $3.25. The average target implies an upside of 10.41% from the current price of $4.52. More detailed estimate data can be found on the New Gold Inc (NGD) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, New Gold Inc's (NGD, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for New Gold Inc (NGD, Financial) in one year is $2.58, suggesting a downside of 42.92% from the current price of $4.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the New Gold Inc (NGD) Summary page.
