New Gold and Coeur Shareholders Back All-Stock Deal to Create North American Precious Metals Player
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
New Gold ( (TSE:NGD) ) just unveiled an announcement.
New Gold shareholders have overwhelmingly approved a plan of arrangement under which a wholly owned subsidiary of U.S.-listed Coeur Mining will acquire all outstanding New Gold common shares, with more than 99% of votes cast in favour of the transaction. Coeur stockholders also granted the necessary approvals, paving the way for the creation of a new, all-North American precious metals producer that combines similar safety-focused cultures and financial profiles, and is expected to offer exploration upside, longer mine lives, and enhanced net asset value per share. Pending final court and regulatory approvals and customary closing conditions, the deal is anticipated to close in the first half of 2026, with New Gold shareholders set to receive 0.4959 Coeur shares for each New Gold share and ultimately hold about 38% of the combined company, while Coeur shareholders will own roughly 62%.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$19.50 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.
The score is driven by strong operating profitability and a stable balance sheet, reinforced by a very constructive earnings update (record free cash flow, cost reductions, and accelerated debt repayment). Offsetting factors are weaker trailing free-cash-flow metrics, overbought technical signals, and a relatively high P/E with no dividend yield provided.
To see Spark’s full report on TSE:NGD stock, click here.
More about New Gold
New Gold Inc. is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine, both located in Canada. The company positions itself as a responsible and profitable producer of gold and copper for its shareholders and broader stakeholders, targeting value creation in the intermediate precious and base metals segment.
Average Trading Volume: 2,717,013
Technical Sentiment Signal: Buy
Current Market Cap: C$13.55B
For a thorough assessment of NGD stock, go to TipRanks’ Stock Analysis page.
