New Gold Inc. Announces Acquisition by Coeur Mining
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7h ago
0mins
Source: PRnewswire
- Transaction Approval: The Supreme Court of British Columbia has granted final approval for Coeur Mining's acquisition of New Gold, marking a critical step towards completion anticipated in the first half of 2026, thereby enhancing New Gold's market position.
- Shareholder Protection: The acquisition will be executed through a wholly-owned subsidiary of Coeur, ensuring that New Gold shareholders' interests are fully protected while providing Coeur with an opportunity to expand its mining asset portfolio, thus increasing its competitiveness in the industry.
- Regulatory Review Requirements: The transaction remains subject to approval under the Investment Canada Act and the satisfaction of other customary closing conditions, which may affect the final completion timeline, necessitating close monitoring of regulatory developments.
- Future Outlook: New Gold aims to leverage this merger to achieve synergies, enhance financial performance, and operational efficiency, with expectations to create long-term value for shareholders and further solidify its leadership position in gold and copper production.
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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: 24.570
Low
16.00
Averages
21.86
High
25.00
Current: 24.570
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.
US Stocks Close Lower Amid Cautious Market Sentiment
- Stock Index Declines: The S&P 500 index fell by 0.43%, the Dow Jones Industrial Average dropped by 0.36%, and the Nasdaq 100 decreased by 1.28%, reflecting cautious investor sentiment following President Trump's nomination of Kevin Warsh as the new Fed Chair, which raised concerns about future monetary policy.
- Producer Prices Rise: The US December Producer Price Index (PPI) increased by 0.5% month-over-month and 3.0% year-over-year, both exceeding market expectations, indicating heightened inflationary pressures that could influence the Fed's policy decisions moving forward.
- Mining Stocks Plummet: Mining stocks faced significant sell-offs as gold and silver prices dropped sharply, with Coeur Mining and Hecla Mining declining over 17% and 15%, respectively, reflecting a pessimistic outlook on precious metals amid rising dollar strength.
- Positive Earnings Outlook: Despite the overall market decline, 102 S&P 500 companies are set to report earnings this week, with 77% of the 143 companies that have reported so far exceeding expectations, indicating resilience in corporate profitability, with S&P earnings growth projected to reach 8.4% in Q4.
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New Gold Inc. Announces Acquisition by Coeur Mining
- Transaction Approval: The Supreme Court of British Columbia has granted final approval for Coeur Mining's acquisition of New Gold, marking a critical step towards completion anticipated in the first half of 2026, thereby enhancing New Gold's market position.
- Shareholder Protection: The acquisition will be executed through a wholly-owned subsidiary of Coeur, ensuring that New Gold shareholders' interests are fully protected while providing Coeur with an opportunity to expand its mining asset portfolio, thus increasing its competitiveness in the industry.
- Regulatory Review Requirements: The transaction remains subject to approval under the Investment Canada Act and the satisfaction of other customary closing conditions, which may affect the final completion timeline, necessitating close monitoring of regulatory developments.
- Future Outlook: New Gold aims to leverage this merger to achieve synergies, enhance financial performance, and operational efficiency, with expectations to create long-term value for shareholders and further solidify its leadership position in gold and copper production.
Continue Reading