Analyst consensus for the NGD stock price forecast sits at a moderate buy, with a 12-month price target averaging $1. The firm also highlighted global silver supply is predicted to rise by 3% to 1.05 billion ounces in 2025, marking an 11-year high. Due to increased output in Morocco, China, and Canada, silver mine production is forecasted to reach 844 million ounces. However, additional supply growth could be restricted due to limited capital expenditure in base metal mining and decreasing ore grades. Fueled by higher industrial scrap recovery, silver recycling is predicted to increase by 5%, exceeding 200 million ounces for the first time since 2012. New Gold is a Canadian-focused intermediate mining company with two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine. The company aims to be the most valued intermediate gold and copper producer through profitable and responsible mining practices. Recent insider purchases are being read as a bullish indicator for the NGD stock price forecast. Such buying typically signals management’s confidence in near-term production and profitability.
