Claim 50% Off TipRanks Premium
- 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
New Gold ( (TSE:NGD) ) has issued an announcement.
On January 30, 2026, New Gold Inc. reported that the Supreme Court of British Columbia granted final approval for its previously announced plan of arrangement under which a wholly owned subsidiary of Coeur Mining, Inc. will acquire all issued and outstanding New Gold common shares. The transaction, which still requires approval under the Investment Canada Act and the satisfaction of customary closing conditions, is anticipated to close in the first half of 2026, marking a significant consolidation move in the North American intermediate gold and copper mining space and potentially reshaping New Gold’s ownership structure and strategic direction for its Canadian mining assets.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$19.00 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.
The score is driven by strong operating profitability and a stable balance sheet, reinforced by a very constructive earnings update (record free cash flow, cost reductions, and accelerated debt repayment). Offsetting factors are weaker trailing free-cash-flow metrics, overbought technical signals, and a relatively high P/E with no dividend yield provided.
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 with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine, both located in Canada. The company positions itself as a responsible and profitable producer of gold and copper, targeting value creation for shareholders and stakeholders in the North American precious and base metals mining sector.
Average Trading Volume: 2,696,155
Technical Sentiment Signal: Buy
Current Market Cap: C$13.52B
See more data about NGD stock on TipRanks’ Stock Analysis page.