New Gold Inc. shares rose 4.05% and reached a 52-week high amid positive shareholder sentiment.
New Gold shareholders are set to vote on January 27, 2026, with independent advisory firm Glass Lewis recommending a 'FOR' vote on the Coeur Mining acquisition plan, indicating strong market confidence in the transaction. Under the terms, New Gold shareholders will receive 0.4959 shares of Coeur for each New Gold share held, with post-merger ownership split at approximately 62% for Coeur and 38% for New Gold, enhancing the combined company's market position. The transaction offers New Gold shareholders a significant market premium of about 16%, and the merger is expected to boost production capacity and market capitalization, enhancing investor liquidity.
The anticipated merger is expected to create long-term value for shareholders and potentially qualify the combined entity for inclusion in major U.S. indices, further elevating New Gold's market influence.
Wall Street analysts forecast NGD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NGD is 9.37 USD with a low forecast of 8.00 USD and a high forecast of 12.00 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.
5 Analyst Rating
Wall Street analysts forecast NGD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NGD is 9.37 USD with a low forecast of 8.00 USD and a high forecast of 12.00 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.
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.580
Low
8.00
Averages
9.37
High
12.00
Current: 12.580
Low
8.00
Averages
9.37
High
12.00
Scotiabank
Eric Winmill
Outperform
maintain
2026-01-26
New
Reason
Scotiabank
Eric Winmill
Price Target
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Scotiabank analyst Eric Winmill raised the firm's price target on New Gold to $12.75 from $10.50 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Canaccord
NULL -> Buy
maintain
$15 -> $18
2026-01-23
Reason
Canaccord
Price Target
$15 -> $18
2026-01-23
maintain
NULL -> Buy
Reason
Canaccord raised the firm's price target on New Gold to C$18 from C$15 and keeps a Buy rating on the shares.
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BofA
NULL -> No Rating
downgrade
2025-11-04
Reason
BofA
Price Target
2025-11-04
downgrade
NULL -> No Rating
Reason
BofA moves to No Rating on New Gold (NGD) after the company and Coeur Mining (CDE) announced a definitive agreement, wherein Coeur will acquire the fully diluted equity of New Gold. The firm believes that the shares are no longer trading on fundamentals.
National Bank
NULL -> Outperform
upgrade
2025-10-30
Reason
National Bank
Price Target
2025-10-30
upgrade
NULL -> Outperform
Reason
National Bank raised the firm's price target on New Gold to C$12.50 from C$11.50 and keeps an Outperform rating on the shares.
About NGD
New Gold Inc. is a Canadian intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, comprise the New Afton Mine in British Columbia, Canada (New Afton) and the Rainy River Mine in Ontario, Canada (Rainy River). The Rainy River is located approximately 65 kilometers (km) northwest of Fort Frances, Ontario, Canada. The New Afton mine is located approximately 10 km west of Kamloops, 350 km northeast of Vancouver, British Columbia, Canada.
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.
