New Gold Inc. (NGD:CA) (NGD)
On May 29, 2025, BMO Capital Markets issued a research report and updated its outlook on New Gold Inc., maintaining their “Outperform” rating on the stock, while raising the 12 month target price for the stock to CAD 7 from CAD 6.50.
Stock Forecast
Based on the most recent stock forecast from 6 analysts, New Gold Inc. has an average 12-month target price of CAD 4.96, indicating that the stock may be slightly overvalued relative to current levels. Despite this, the average analyst rating is “Strong Buy,” suggesting a high level of confidence in the company’s future performance.
At its last closing, New Gold Inc. traded at CAD 5.92, above the consensus target price. The stock has shown exceptional short- and long-term momentum, gaining +3.68% over the past week, +25.96% over the past month, and an impressive +107.72% over the past year. This strong performance may have outpaced analyst expectations, contributing to the disparity between current market price and average target price. Investors may see this as either a sign of continued growth potential or a possible overextension depending on their risk appetite.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
