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New Gold ( (TSE:NGD) ) has issued an update.
New Gold Inc. reported strong financial results for the second quarter of 2025, driven by increased production at its Rainy River and New Afton mines. The company achieved record free cash flow, with Rainy River contributing significantly to this success. New Afton’s B3 cave exceeded expectations, and Rainy River saw a record production month in June, indicating a positive outlook for the remainder of the year. Exploration efforts continue to support organic growth, with significant drilling activities at both sites. The company remains on track to meet its annual production guidance, underscoring its robust operational performance.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$3.90 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
Spark’s Take on TSE:NGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGD is a Outperform.
New Gold’s solid financial performance and strategic corporate actions are strong positives, while technical indicators suggest a short-term bearish trend. The company’s valuation is somewhat high, with challenges in production costs and output. Recent earnings call and corporate events provide a mixed but slightly positive outlook.
To see Spark’s full report on TSE:NGD stock, click here.
More about New Gold
New Gold Inc. operates in the mining industry, focusing on the production of gold and copper. The company is known for its operations at the Rainy River and New Afton mines, where it is actively engaged in exploration and development to enhance its production capabilities.
YTD Price Performance: 60.05%
Average Trading Volume: 1,935,951
Technical Sentiment Signal: Buy
Current Market Cap: C$4.79B
See more insights into NGD stock on TipRanks’ Stock Analysis page.