New Gold Board Recommends Shareholders Vote 'FOR' Coeur Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
- Transaction Approval: New Gold's Board unanimously recommends shareholders vote 'FOR' the transaction with Coeur Mining at the special meeting on January 27, 2026, with New Gold shareholders expected to own approximately 38% of the combined company post-transaction, enhancing their position in the North American precious metals market.
- Increased Shareholder Returns: Under the transaction terms, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share held, which is anticipated to generate significant free cash flow and higher returns for shareholders, thereby enhancing shareholder value.
- Strategic Integration: The transaction will integrate exploration potential from New Gold's New Afton and Rainy River mines while adding five high-quality precious metals operations, expected to significantly enhance the combined company's asset diversity and financial strength.
- Regulatory Approval Progress: The transaction has received an advance ruling certificate under the Competition Act in Canada, indicating smooth progress in regulatory approvals, with the transaction expected to close in the first half of 2026, further advancing New Gold's long-term growth strategy.
CDE
$18.25+Infinity%1D
Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDE is 21.43 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.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 17.120
Low
16.00
Averages
21.43
High
25.00
Current: 17.120
Low
16.00
Averages
21.43
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.
