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NGD
Volume: 11.35M
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New Gold (NGD) Stock Forecast & Price Target

New Gold (NGD) Analyst Ratings

Based on 14 analyst ratings
Hold
Strong Buy 14%
Buy 36%
Hold 36%
Sell 14%
Strong Sell 0%

Bulls say

New Gold Inc demonstrated robust production metrics in Q3, achieving consolidated gold equivalent production of 111,204 ounces, significantly surpassing the estimate of 101.4 koz AuEq. This strong performance resulted from production increases at both the New Afton and Rainy River mines, positioning the company for continued free cash flow growth and alignment with its fiscal 2024 guidance. Moreover, the transition into higher-grade zones in these operations is expected to further enhance production efficiency and lower costs, supporting a favorable growth outlook for New Gold within its premium jurisdiction assets.

Bears say

New Gold Inc. faces potential operational challenges that could keep its valuation multiples depressed, particularly if further missteps occur. The ongoing construction of a larger tailings facility at the Rainy River Mine may lead to significant delays or cost overruns, negatively impacting the company's net asset value (NAV). Additionally, the company's all-in sustaining cost (AISC) of $1,381 per ounce exceeds estimates and falls outside the projected annual guidance range, indicating increasing cost pressures that could strain profitability.

New Gold (NGD) has been analyzed by 14 analysts, with a consensus rating of Hold. 14% of analysts recommend a Strong Buy, 36% recommend Buy, 36% suggest Holding, 14% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of New Gold and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About New Gold (NGD) Forecast

Analysts have given New Gold (NGD) a Hold based on their latest research and market trends.

According to 14 analysts, New Gold (NGD) has a Hold consensus rating as of Jul 4, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $3.88, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $3.88, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

New Gold (NGD)

Volume: 11.35M

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