NEW GOLD INC (NGD.CA) Forecast, Price Target & Analyst Ratings

TSX:NGD • CA6445351068

Current stock price

12.16 CAD
+0.39 (+3.31%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for NEW GOLD INC (NGD.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$13.23
+ 8.84% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 27, 2026
Period
Q4 / 2025
EPS Estimate
$0.25
Revenue Estimate
484.55M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
78.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$13.23
Upside
+ 8.84%
From current price of CA$12.16 to mean target of CA$13.23, Based on 10 analyst forecasts
Low
CA$5.75
Median
CA$14.07
High
CA$18.34

Price Target Revisions

1 Month
4.01%
3 Months
21.45%

Price Target Summary

10 Wall Street analysts provided a forecast for the next 12 months for NGD.CA. The average price target is 13.23 CAD. This implies a price increase of 8.84% is expected in the next year compared to the current price of 12.16.
The average price target has been revised upward by 21.45% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

NGD Current Analyst RatingNGD Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

NGD Historical Analyst RatingsNGD Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
78.00%
NGD.CA was analyzed by 10 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about NGD.CA.
In the previous month the buy percentage consensus was at a similar level.
NGD.CA was analyzed by 10 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-26SCOTIABANK GBMMaintains Outperform -> Outperform
2025-09-15SCOTIABANK GBMMaintains Outperform -> Outperform
2022-12-06TD ResearchDowngrade Sell
2022-11-22Bank of America SecuritiesDowngrade
2022-11-22Bank of AmericaDowngrade
2022-10-20Canaccord CapitalDowngrade Strong Buy
2022-10-14National Bank of Canada FinancialUpgrade Sector Perform
2022-10-13National Bank of Canada FinancialUpgrade
2022-10-03RBC RoyalbankUpgrade Outperform
2022-10-03National Bank of Canada FinancialUpgrade Sector Perform
2022-10-03Cormark SecuritiesUpgrade
2022-07-21National Bank of Canada FinancialDowngrade Sector Perform
2022-07-13Raymond James CapitalDowngrade Market Perform
2022-07-13BMO FinancialDowngrade Market Perform
2022-07-13TD ResearchDowngrade Hold
2022-07-13Cormark SecuritiesDowngrade Sector Perform
2022-07-12RBC RoyalbankDowngrade Sector Perform
2022-07-12National Bank of Canada FinancialDowngrade Sector Perform
2022-07-12Credit SuisseDowngrade
2022-05-03Raymond James CapitalInitiate Market Perform
2022-05-03TD ResearchDowngrade Hold
2022-04-22Canaccord CapitalUpgrade Buy
2022-04-20National Bank of Canada FinancialDowngrade Sector Perform
2022-02-25National Bank of Canada FinancialDowngrade Sector Perform
2022-02-24Raymond James CapitalInitiate Market Perform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 27, 2026
Period
Q4 / 2025
EPS Estimate
$0.25
Revenue Estimate
484.55M
Revenue Q2Q
84.80%
EPS Q2Q
260.71%
Number of Analysts
7

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-7.14%
EPS (1 Month)
16.82%
EPS (3 Months)
8.70%

Next Earnings Summary

NGD.CA is expected to report earnings on 4/27/2026. The consensus EPS estimate for the next earnings is 0.25 CAD and the consensus revenue estimate is 484.55M CAD.
The next earnings revenue estimate has been revised downward by 7.14% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2025 - 2029

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2022 2023 2024 2025 2026 2027 2028 2029
Revenue
YoY % growth
NGD.CA revenue by date.NGD.CA revenue by date.
604.4M
-18.93%		786.5M
30.13%		924.5M
17.55%		1.489B
61.06%		2.472B
66.02%		2.267B
-8.29%		1.76B
-22.36%		N/A
EBITDA
YoY % growth
NGD.CA ebitda by date.NGD.CA ebitda by date.
182.3M
-45.30%		296.9M
62.86%		430.4M
44.96%		877.21M
103.81%		1.867B
112.83%		1.727B
-7.50%		1.098B
-36.42%		1.153B
5.01%
EBIT
YoY % growth
NGD.CA ebit by date.NGD.CA ebit by date.
-13.6M
-109.96%		61.8M
554.41%		182.3M
194.98%		605.7M
232.25%		1.422B
134.77%		1.292B
-9.14%		845.37M
-34.57%		N/A
Operating Margin
NGD.CA operating margin by date.NGD.CA operating margin by date.
-2.25%7.86%19.72%40.68%57.52%56.99%48.03%N/A
EPS
YoY % growth
NGD.CA eps by date.NGD.CA eps by date.
-0.03
-125.00%		0.07
333.33%		0.19
171.43%		0.61
222.74%		1.30
111.53%		1.17
-9.52%		0.91
-22.55%		0.78
-14.44%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.25
260.71%		0.32
1,490.75%		0.27
143.32%		0.27
7.06%		0.27
8.00%
Revenue
Q2Q % growth		484.55M
84.80%		N/AN/AN/AN/A
EBITDA
Q2Q % growth		361.67M
11.18%		N/AN/AN/AN/A
EBIT
Q2Q % growth		278.57M
260.84%		N/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

NGD.CA Yearly Revenue VS EstimatesNGD.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
NGD.CA Yearly EPS VS EstimatesNGD.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 0.4 0.6 0.8 1

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
83.48%
EPS Next 5 Year
32.56%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
34.22%
Revenue Next 5 Year
17.05%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
121.53%
EBIT Next 5 Year
48.65%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

NEW GOLD INC / NGD.CA Forecast FAQ

What is the average price target for NEW GOLD INC (NGD.CA) stock?

10 analysts have analysed NGD.CA and the average price target is 13.23 CAD. This implies a price increase of 8.84% is expected in the next year compared to the current price of 12.16.

Can you provide the upcoming earnings date for NEW GOLD INC?

NEW GOLD INC (NGD.CA) will report earnings on 2026-04-27.

Can you provide the consensus estimates for NEW GOLD INC next earnings?

The consensus EPS estimate for the next earnings of NEW GOLD INC (NGD.CA) is 0.25 CAD and the consensus revenue estimate is 484.55M CAD.

Can you provide the consensus rating for NEW GOLD INC stock?

The consensus rating for NEW GOLD INC (NGD.CA) is 78 / 100 . This indicates that analysts generally have a positive outlook on the stock.