ISS Backs New Gold–Coeur Mining Deal as Board Urges Shareholder Support

New Gold ( (TSE:NGD) ) has issued an announcement.

New Gold said that proxy advisory firm Institutional Shareholder Services has recommended that its shareholders vote in favour of the planned all-share acquisition by Coeur Mining, under which a Coeur subsidiary would acquire all outstanding New Gold common shares. The deal terms provide New Gold investors with 0.4959 Coeur shares for each New Gold share, resulting in Coeur and New Gold shareholders owning roughly 62% and 38% of the combined company, respectively; ISS cited expected operational synergies, a stronger balance sheet, and improved liquidity as reasons for its support, and New Gold’s board is unanimously urging shareholders to back the transaction at a special meeting set for January 27, 2026.

The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$12.00 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 Outperform.

New Gold’s strong financial performance, positive technical indicators, and significant corporate events contribute to a robust overall stock score. The earnings call further supports a positive outlook, despite some valuation concerns and cash flow management challenges.

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

More about New Gold

New Gold Inc. is a Canadian-focused intermediate mining company operating two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine. The company targets value creation as a mid-tier gold and copper producer through profitable and responsible mining for its shareholders and broader stakeholders.

Average Trading Volume: 2,615,013

Technical Sentiment Signal: Buy

Current Market Cap: C$11.03B

For a thorough assessment of NGD stock, go to TipRanks’ Stock Analysis page.