Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from New Gold ( (TSE:NGD) ).
On December 22, 2025, New Gold Inc. filed and began mailing its management information circular and proxy materials for a special shareholder meeting scheduled for January 27, 2026, where investors will vote on a proposed plan of arrangement under which a subsidiary of Coeur Mining, Inc. will acquire all outstanding New Gold common shares. Under the all-share transaction, New Gold shareholders would receive 0.4959 Coeur common shares for each New Gold share and, upon closing, are expected to own about 38% of the combined company, which is projected to rank among the top 10 global precious metals producers and top five silver producers, with seven North American operations, significant forecast EBITDA and free cash flow in 2026, and a strengthened balance sheet. New Gold’s board, following a unanimous recommendation from a special committee of independent directors, has unanimously approved the deal and is urging shareholders of record as of December 17, 2025 to vote in favour, arguing that the combination should unlock additional value by extending mine life beyond New Gold’s two existing mines, improving trading liquidity and index eligibility, and potentially supporting a valuation re-rating for the enlarged group.
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 Canada-based precious metals mining company listed on the TSX and NYSE American, with a core focus on gold and silver production and additional exposure to copper through its New Afton and Rainy River operations in North America. The company operates within the gold and silver mining sector, targeting long-life, low-risk North American assets and positioning itself as a mid-tier producer with leverage to exploration upside and free cash flow generation.
YTD Price Performance: 224.07%
Average Trading Volume: 2,660,902
Technical Sentiment Signal: Buy
Current Market Cap: C$9.7B
See more insights into NGD stock on TipRanks’ Stock Analysis page.