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

Q: 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 11.06 CAD. This implies a price decrease of -9.06% is expected in the next year compared to the current price of 12.16.

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

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

TSX:NGD • CA6445351068

12.16 CAD

+0.39 (+3.31%)

Last: Mar 23, 2026, 07:00 PM

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).

Consensus Price Target

Price Target

CA$11.06

-9.06% Downside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: Apr 27, 2026
Period: Q1 / 2026
EPS Estimate: $0.38
Revenue Estimate

→ 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$11.06

Upside

-9.06%

From current price of CA$12.16 to mean target of CA$11.06, Based on 10 analyst forecasts

Low

CA$8.70

Median

CA$11.09

High

CA$13.65

Price Target Revisions

1 Month

-16.44%

3 Months

-5.17%

Price Target Summary

10 Wall Street analysts provided a forecast for the next 12 months for NGD.CA. The average price target is 11.06 CAD. This implies a price decrease of -9.06% is expected in the next year compared to the current price of 12.16.

The average price target has been revised downward by 5.17% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

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

Date	Firm	Action	From → To
2026-01-26	SCOTIABANK GBM	Maintains	Outperform -> Outperform
2025-09-15	SCOTIABANK GBM	Maintains	Outperform -> Outperform
2022-12-06	TD Research	Downgrade	Sell
2022-11-22	Bank of America Securities	Downgrade
2022-11-22	Bank of America	Downgrade
2022-10-20	Canaccord Capital	Downgrade	Strong Buy
2022-10-14	National Bank of Canada Financial	Upgrade	Sector Perform
2022-10-13	National Bank of Canada Financial	Upgrade
2022-10-03	RBC Royalbank	Upgrade	Outperform
2022-10-03	National Bank of Canada Financial	Upgrade	Sector Perform
2022-10-03	Cormark Securities	Upgrade
2022-07-21	National Bank of Canada Financial	Downgrade	Sector Perform
2022-07-13	Raymond James Capital	Downgrade	Market Perform
2022-07-13	BMO Financial	Downgrade	Market Perform
2022-07-13	TD Research	Downgrade	Hold
2022-07-13	Cormark Securities	Downgrade	Sector Perform
2022-07-12	RBC Royalbank	Downgrade	Sector Perform
2022-07-12	National Bank of Canada Financial	Downgrade	Sector Perform
2022-07-12	Credit Suisse	Downgrade
2022-05-03	Raymond James Capital	Initiate	Market Perform
2022-05-03	TD Research	Downgrade	Hold
2022-04-22	Canaccord Capital	Upgrade	Buy
2022-04-20	National Bank of Canada Financial	Downgrade	Sector Perform
2022-02-25	National Bank of Canada Financial	Downgrade	Sector Perform
2022-02-24	Raymond James Capital	Initiate	Market Perform

Next Earnings Forecast Details

Next Earnings Details

Release Date: Apr 27, 2026
Period: Q1 / 2026
EPS Estimate: $0.38
Revenue Estimate: N/A
Revenue Q2Q: N/A
EPS Q2Q: 1,819.00%
Number of Analysts: 3

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 0.38 CAD and the consensus revenue estimate is null 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 2026 - 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	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	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	-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	-2.25%	7.86%	19.72%	40.68%	57.52%	56.99%	48.03%	N/A
EPS YoY % growth	-0.03 -125.00%	0.07 333.33%	0.19 171.43%	0.61 273.68%	1.30 82.69%	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

	Q1 / 26	Q2 / 26	Q3 / 26	Q4 / 26	Q1 / 27	Q2 / 27	Q3 / 27	Q4 / 27
EPS Q2Q % growth	0.38 1,819.00%	0.37 239.73%	0.38 53.52%	0.37 13.24%	0.34 -10.53%	0.34 -8.11%	0.34 -10.53%	0.34 -8.11%
Revenue Q2Q % growth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA Q2Q % growth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBIT Q2Q % growth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

All data in USD

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

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

8.58%

EPS Next 5 Year

2.30%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

5.73%

Revenue Next 5 Year

N/A

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 11.06 CAD. This implies a price decrease of -9.06% 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.

What is the number of analysts for NGD stock?

The number of analysts covering NEW GOLD INC (NGD.CA) is 10.

Analyst forecast overview

Forecast Snapshot