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An announcement from New Gold ( (TSE:NGD) ) is now available.
New Gold Inc. announced the resignation of Christian Milau from its Board of Directors, effective immediately, as he pursues other opportunities. During his tenure, the company engaged in significant corporate development activities and operational achievements, positioning itself as a leading intermediate gold producer.
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 Neutral.
New Gold’s strong earnings call performance and positive technical indicators are key strengths. However, concerns about valuation and cash flow management weigh on the overall score.
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 two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine. The company aims to be a leading intermediate gold and copper producer through profitable and responsible mining practices.
YTD Price Performance: 91.27%
Average Trading Volume: 1,793,852
Technical Sentiment Signal: Buy
Current Market Cap: C$5.72B
See more data about NGD stock on TipRanks’ Stock Analysis page.