▲ +9.29% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for New Gold in the last 3 months. The average price target is $2.00, with a high forecast of $2.25 and a low forecast of $1.75. The average price target represents a 9.29% upside from the last price of $1.83.
The current consensus among 2 investment analysts is to hold stock in New Gold.
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada. It also holds 100% interests in the Blackwater gold-silver project located in British Columbia, Canada; and operates the Cerro San Pedro gold-silver mine in Mexico. New Gold Inc. is headquartered in Toronto, Canada.