New Gold

Scotiabank raised its price target on New Gold to $12.75 with an Outperform rating and Canaccord increased its target to C$18 while keeping a Buy rating. In Q3 2025 New Gold delivered record Rainy River production, $205 million free cash flow (up 225% QoQ) and all-in sustaining costs of $966/oz. Higher analyst targets reflect stronger gold and silver forecasts amid geopolitical uncertainty, and hedge funds view New Gold as among the more undervalued Canadian stocks. » More on finance.yahoo.com

Shareholders of New Gold approved a plan of arrangement under which a Coeur Mining subsidiary will acquire all outstanding New Gold shares, with New Gold holders to receive 0.4959 Coeur shares per New Gold share. The transaction, which also received Coeur shareholder approval, is expected to close in the first half of 2026 subject to court and regulatory approvals and would give New Gold investors about 38% ownership of the combined company. Ahead of the deal, Scotiabank raised its price target on New Gold to $12.75 and reiterated an Outperform rating. » More on finance.yahoo.com

Shareholders of New Gold and Coeur approved the announced merger at extraordinary meetings. New Gold shareholders will receive 0.4959 common shares of Coeur for each New Gold share; upon closing, Coeur shareholders would hold about 62% and New Gold shareholders about 38% of the combined company. Coeur brings strong finances (revenue of $1.7bn in the last 12 months); closing is subject to court and regulatory approvals and is expected in the first half of 2026. An analysis indicates Coeur is currently trading above its fair value (P/E 34.4, high EBITDA multiple). » More on de.investing.com