New Gold Unveils 2024 Sustainability Achievements

An announcement from New Gold ( (TSE:NGD) ) is now available.

New Gold has released its 2024 Sustainability Report, highlighting significant achievements in sustainability practices and performance. The report, aligned with global standards, showcases a 7.8% reduction in greenhouse gas emissions and a decrease in the total recordable injury frequency rate, reflecting the company’s commitment to safety and environmental responsibility. Additionally, New Gold emphasizes its dedication to community engagement and local employment, with substantial investments in local communities and a significant portion of its workforce being Indigenous and locally hired.

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 score reflects strong financial performance and strategic corporate actions that enhance its operational efficiency and financial flexibility. Despite technical stability, high valuation, recent net loss, and cost challenges present risks, suggesting cautious optimism.

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.

Average Trading Volume: 2,199,672

Technical Sentiment Signal: Buy

Current Market Cap: C$4.96B

Find detailed analytics on NGD stock on TipRanks’ Stock Analysis page.