Coeur Mining Acquires New Gold, Forming North American Precious Metals Leader

New Gold ( (TSE:NGD) ) has provided an update.

Coeur Mining, Inc. has announced the acquisition of New Gold Inc., creating a new North American senior precious metals producer. The combined entity will have seven operations across North America, with an expected EBITDA of $3 billion and free cash flow of $2 billion by 2026. This strategic move is expected to enhance Coeur’s financial position, expand its growth pipeline, and strengthen its market presence, making it one of the top ten largest precious metals companies globally. The transaction is anticipated to be highly accretive, with significant benefits for shareholders, including increased liquidity and potential inclusion in major U.S. indexes.

The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.

Spark’s Take on TSE:NGD Stock

According to Spark, TipRanks’ AI Analyst, TSE:NGD is a Neutral.

New Gold’s strong earnings call performance and operational improvements are the most significant factors driving the score. While financial performance shows growth, concerns about cash flow and debt levels persist. Technical analysis and valuation present a mixed picture, with moderate valuation and neutral technical indicators.

To see Spark’s full report on TSE:NGD stock, click here.

More about New Gold

New Gold Inc. is a company in the precious metals mining industry, primarily focusing on gold, silver, and copper production. The company operates mines in Canada and is involved in the exploration and development of mineral properties.

YTD Price Performance: 173.28%

Average Trading Volume: 2,421,742

Technical Sentiment Signal: Buy

Current Market Cap: C$8.18B

For detailed information about NGD stock, go to TipRanks’ Stock Analysis page.