Coeur Mining Rises as New Gold Shareholders Support Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Jan 26
Source: seekingalpha
Coeur Mining Inc (CDE) is experiencing a pre-market price increase of 4.61%, reaching a 52-week high.
The rise is attributed to strong shareholder support for the acquisition proposal from New Gold Inc., with independent advisory firm Glass Lewis recommending a 'FOR' vote. This acquisition, which offers New Gold shareholders a 16% premium, is expected to enhance the combined company's market position and liquidity, indicating strong market confidence in the transaction.
This merger is anticipated to create long-term value for shareholders, leveraging strong cash flows for growth investments and potentially qualifying for inclusion in major U.S. indices, further elevating Coeur Mining's market influence.
Analyst Views on CDE
Wall Street analysts forecast CDE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDE is 21.86 USD with a low forecast of 16.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 25.620
Low
16.00
Averages
21.86
High
25.00
Current: 25.620
Low
16.00
Averages
21.86
High
25.00
About CDE
Coeur Mining, Inc. is a diversified precious metals producer. The Company has five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly owns the Silvertip polymetallic critical minerals exploration project in British Columbia. The Las Chispas Operation is located approximately 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The Palmarejo complex consists of the Palmarejo processing facility, three underground mines, exploration targets and a campsite. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The Kensington mine is an underground gold operation located in southeast Alaska. Wharf is an open pit, heap leach gold operation located in the northern Black Hills of western South Dakota.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
