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New Gold ( (TSE:NGD) ) just unveiled an update.
New Gold Inc. has announced the redemption of its remaining $111 million 7.50% Senior Notes due 2027, scheduled for July 15, 2025. This move is funded by proceeds from a previous senior notes offering and cash on hand, potentially strengthening the company’s financial position and enhancing its market standing.
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 strong technical indicators and financial performance are the most significant factors supporting the stock score. The positive corporate events and efficient cash flow management also contribute positively. However, a high P/E ratio and recent challenges in production and costs slightly offset these strengths.
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.
Average Trading Volume: 2,222,074
Technical Sentiment Signal: Buy
Current Market Cap: C$5.17B
See more data about NGD stock on TipRanks’ Stock Analysis page.