A Major Merger Milestone: Coeur Mining Gains Crucial Backing for New Gold Deal

The proposed multi-billion dollar merger between Coeur Mining and New Gold Inc. has reached a pivotal moment, receiving a powerful endorsement that brings the creation of a leading North American precious metals producer one step closer to reality.

In a significant development for the pending transaction, Institutional Shareholder Services (ISS) has advised New Gold Inc. shareholders to vote in favor of the combination with Coeur Mining. As one of the most influential independent proxy advisory firms, ISS’s supportive stance is widely viewed as a critical guide for investor voting and a validation of the merger’s strategic rationale.

The union is designed to establish a new entity operating seven producing mines, boasting enhanced financial strength, greater scale, and improved cash flow generation. This comes at a time when the gold price environment remains robust, having surpassed $4,000 per ounce in late 2025, a backdrop in which the combined company is positioned to capitalize.

Market Sentiment and Equity Performance

Wall Street’s view of Coeur Mining is predominantly positive. Among seven analysts covering the stock, five maintain a "Buy" rating, while two recommend "Hold." Their average price target sits at $21.86, aligning closely with the recent trading level of $21.22 per share. Individual targets vary from $16 to $25, reflecting diverse opinions on near-term valuation following a substantial rally.

Should investors sell immediately? Or is it worth buying Coeur Mining?

The equity has delivered remarkable gains, appreciating by more than 250% since April 2025. It currently trades not far from its 52-week high of $21.61. This performance has elevated Coeur Mining's market capitalization to approximately $12.6 billion. Within the SPDR S&P Metals & Mining ETF (XME), the company represents a significant holding with a 5.07% weighting.

Forthcoming Financials to Provide Integration Roadmap

Investor attention now turns to upcoming corporate events. Coeur Mining is scheduled to release its fourth-quarter and full-year 2025 financial results on February 18, 2026. A management conference call will follow on the next day, February 19.

The market anticipates detailed commentary on the integration process for the New Gold assets and initial production guidance for 2026. Analyst estimates project earnings per share of $1.44 for the current year, a figure that suggests a meaningful uptick and incorporates the anticipated synergies from the merger.