Silver's Overextension Is Costing It. Silver Mining Stocks Could Be a Good Investment.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8h ago
0mins
Source: Barron's
- Silver Market Decline: Silver experienced its worst trading day since 1980, highlighting the volatility in financial markets.
- Investment Opportunity: Despite the sharp decline, there may be potential for buying mining stocks as a result of the downturn.
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Analyst Views on NGD
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
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.100
Low
8.00
Averages
9.37
High
12.00
Current: 12.100
Low
8.00
Averages
9.37
High
12.00
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.
New Gold's Acquisition Plan Approved by Court
- Transaction Approval: The Supreme Court of British Columbia has granted final approval for New Gold's acquisition plan with Coeur Mining, indicating that New Gold will be fully acquired, with the transaction expected to close in the first half of 2026, thereby solidifying New Gold's position in the mining sector.
- 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 a new asset portfolio that enhances its market competitiveness.
- Regulatory Compliance: The transaction remains subject to approval under the Investment Canada Act and the satisfaction of other customary closing conditions, highlighting the company's commitment to compliance and helping to mitigate potential legal risks in the future.
- Future Outlook: New Gold aims to be the most valued intermediate gold and copper producer, and this acquisition will provide a stronger resource base to support its expansion in global markets and long-term growth strategy.
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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.
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