New Gold ( (TSE:NGD) ) has provided an update.
New Gold Inc. has completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers’ Pension Plan. This consolidation to 100% ownership of the free cash flow interest strengthens New Gold’s operational control and financial benefits from the New Afton Mine, potentially enhancing its market position and value to stakeholders.
Spark’s Take on TSE:NGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGD is a Neutral.
New Gold’s overall score reflects a strong financial recovery with improved profitability and cash flow management. Technical indicators suggest stability with some short-term caution, while valuation appears high. Positive earnings call guidance and strategic corporate actions further bolster the outlook, though high costs and a recent net loss pose challenges.
To see Spark’s full report on TSE:NGD stock, click here.
More about New Gold
New Gold is a Canadian-focused intermediate mining company with a portfolio of 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 for its shareholders and stakeholders.
YTD Price Performance: 51.91%
Average Trading Volume: 21,538,864
Technical Sentiment Signal: Sell
Current Market Cap: $3.15B
Learn more about NGD stock on TipRanks’ Stock Analysis page.