22-07-2025
Scotiabank Remains a Buy on New Gold (NGD)
Scotiabank analyst Trevor Turnbull maintained a Buy rating on New Gold today and set a price target of C$5.50. The company's shares opened today at $4.41.
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Turnbull covers the Basic Materials sector, focusing on stocks such as New Gold, Alamos Gold, and Centerra Gold. According to TipRanks, Turnbull has an average return of 2.7% and a 42.06% success rate on recommended stocks.
New Gold has an analyst consensus of Strong Buy, with a price target consensus of $5.35, implying a 21.32% upside from current levels. In a report released on July 18, TR | OpenAI – 4o also upgraded the stock to a Buy with a C$6.50 price target.
NGD market cap is currently $3.41B and has a P/E ratio of 25.53.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NGD in relation to earlier this year.
