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The latest update is out from New Gold ( (TSE:NGD) ).
On December 22, 2025, New Gold Inc. filed a Form 6-K announcing a special shareholders’ meeting scheduled for January 27, 2026 to vote on a proposed statutory arrangement under British Columbia law whereby 1561611 B.C. Ltd., a wholly owned subsidiary of Coeur Mining, Inc., would acquire all outstanding New Gold shares in an all-share transaction. Under the deal, New Gold investors would receive 0.4959 Coeur share for each New Gold share, ending up with roughly 38% of the combined company, which is expected to form a 100% North American precious metals producer with an implied pro forma equity market capitalization of about $20 billion, seven operating mines, and estimated 2026 production of roughly 1.25 million gold equivalent ounces including significant silver and copper output. New Gold’s board and special committee, following a strategic review and arm’s-length negotiations supported by independent fairness opinions, unanimously recommend that shareholders back the transaction, arguing it will deliver stronger free cash flow, a net cash balance sheet, a deeper reserve and resource base, enhanced trading liquidity and index inclusion potential, and reduced asset concentration risk, while allowing New Gold shareholders to continue participating in future growth of the enlarged group and gaining exposure to a more diversified North American portfolio.
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 precious metals producer focused on gold, silver and copper, with two main operating mines, New Afton in British Columbia and Rainy River in Ontario. The company operates within the North American mining sector and targets long-life, low-risk assets, positioning itself as a mid-tier player seeking scale, diversification and stronger capital markets visibility through strategic transactions.
YTD Price Performance: 224.07%
Average Trading Volume: 2,660,902
Technical Sentiment Signal: Buy
Current Market Cap: C$9.7B
Find detailed analytics on NGD stock on TipRanks’ Stock Analysis page.