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The latest update is out from New Gold ( (TSE:NGD) ).
On March 20, 2026, New Gold Inc. announced the completion of its previously agreed plan of arrangement under which a wholly owned subsidiary of Coeur Mining, Inc. acquired all issued and outstanding New Gold shares. New Gold shareholders received 0.4959 Coeur common shares for each New Gold share, effectively folding New Gold’s Canadian copper-gold operations into Coeur’s portfolio.
Following the closing of the transaction, New Gold’s common shares will be delisted from the Toronto Stock Exchange and NYSE American, and Coeur plans to have New Gold cease to be a reporting issuer in Canada. The deal consolidates ownership of the New Afton and Rainy River mines under Coeur, reshaping the asset base and equity exposure for former New Gold investors, who now hold Coeur stock listed on the NYSE and TSX.
The most recent analyst rating on (TSE:NGD) stock is a Hold with a C$13.00 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 NGD Stock
According to Spark, TipRanks’ AI Analyst, NGD is a Neutral.
The score is driven mainly by improved financial performance (strong revenue growth, sharply higher operating cash flow, positive free cash flow, and a stronger equity base with stable debt). This is offset by weak technicals showing a clear downtrend despite oversold readings, while valuation is supportive with a low P/E but no dividend yield data.
To see Spark’s full report on NGD stock, click here.
More about New Gold
New Gold Inc. is a Canadian-focused intermediate mining company with 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 gold and copper producer through profitable and responsible mining for shareholders and broader stakeholders.
YTD Price Performance: -1.59%
Average Trading Volume: 2,651,937
Technical Sentiment Signal: Buy
Current Market Cap: C$9.32B
See more data about NGD stock on TipRanks’ Stock Analysis page.