New Gold Stock Target Price and Analyst Consensus
| NGD Stock | USD 12.85 0.23 1.82% |
The current analyst and expert consensus on New Gold is Buy, with 1 strong sell and 3 strong buy opinions. The current projected New Gold target price consensus is 9.00 with 10 analyst opinions. Check out Macroaxis Advice on New Gold to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade New Stock refer to our How to Trade New Stock guide.The most common way New Gold analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview New Gold executives and customers to further validate their buy or sell advice. New Gold buy-or-sell recommendation module provides average expert sentiment on the projected New Gold target price to derive its highest and lowest estimates based on projected price volatility of 3.8737.
Lowest Forecast 8.19 | Highest Forecast 9.99 | Target Price 9 |
It's important to approach New Gold's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
New Gold Target Price Consensus
New target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. New Gold's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 10 | Buy |
Most New analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand New stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of New Gold, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationNew Gold Target Price Projection
New Gold's current and average target prices are 12.85 and 9.00, respectively. The current price of New Gold is the price at which New Gold is currently trading. On the other hand, New Gold's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On New Gold Target Price
New Gold Analyst Ratings
New Gold's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about New Gold stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of New Gold's financials, market performance, and future outlook by experienced professionals. New Gold's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize New Gold price targets
New Gold's stock target price is an estimate of its future price, usually made by analysts. Using New Gold's target price to determine if it is a suitable investment can be done through the following steps:- Look at New Gold's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if New Gold's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional New Gold Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of New Gold is a key component of New Gold valuation and have some predictive power on the future returns of a New Gold.Trending Themes
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Check out Macroaxis Advice on New Gold to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade New Stock refer to our How to Trade New Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Please note, the presentation of New Gold's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, New Gold's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of New Gold's management manipulating its earnings.