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New Gold ( (TSE:NGD) ) has shared an announcement.
On January 19, 2026, New Gold Inc. announced that proxy advisory firm Glass Lewis has recommended shareholders vote in favour of its planned all-share acquisition by Coeur Mining, under which a Coeur subsidiary would acquire all outstanding New Gold common shares. The recommendation follows an earlier endorsement from Institutional Shareholder Services and supports a transaction structure that would give New Gold investors 0.4959 Coeur shares per New Gold share and an expected 38% stake in the combined precious metals producer, with Coeur shareholders holding the remaining 62%. Glass Lewis cited the strategic rationale of combining two precious metals miners to create a larger entity with higher production, market capitalization, cash flow and trading liquidity, while New Gold highlighted the implied market premium for its shareholders and the potential benefits of exposure to Coeur’s asset portfolio. New Gold also reiterated details of its January 27, 2026 special meeting and voting deadlines, underscoring the importance of shareholder approval as a key condition for closing the deal and advancing the combination’s proposed operational and market advantages.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$16.00 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 producer of gold and copper, targeting value creation for shareholders and other stakeholders through profitable operations in the precious and base metals sector.
YTD Price Performance: 28.76%
Average Trading Volume: 2,637,730
Technical Sentiment Signal: Buy
Current Market Cap: C$12.19B
For a thorough assessment of NGD stock, go to TipRanks’ Stock Analysis page.