Coeur Mining and New Gold Merger Approved by Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy CDE?
Source: seekingalpha
Coeur Mining Inc's stock fell by 9.52% and hit a 5-day low amid broader market weakness, with the Nasdaq-100 down 0.56% and the S&P 500 down 0.25%.
The merger plan between Coeur Mining and New Gold was overwhelmingly approved by shareholders, with 99.22% support at a special meeting. Under the agreement, New Gold shareholders will receive 0.4959 shares of Coeur for each New Gold share held, resulting in approximately 62% and 38% ownership for Coeur and New Gold shareholders, respectively. The transaction is pending final approval from the Supreme Court of British Columbia and is expected to close in the first half of 2026, marking a significant step in the integration of the two companies.
This merger is expected to enhance the competitiveness of both companies in the North American precious metals market, providing significant exploration upside and opportunities for asset value growth. However, the current decline in precious metals prices may impact investor sentiment and the overall market reaction to the merger.
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Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDE is 21.86 USD with a low forecast of 16.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 19.110
Low
16.00
Averages
21.86
High
25.00
Current: 19.110
Low
16.00
Averages
21.86
High
25.00
About CDE
Coeur Mining, Inc. is a diversified precious metals producer. The Company has five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly owns the Silvertip polymetallic critical minerals exploration project in British Columbia. The Las Chispas Operation is located approximately 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The Palmarejo complex consists of the Palmarejo processing facility, three underground mines, exploration targets and a campsite. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The Kensington mine is an underground gold operation located in southeast Alaska. Wharf is an open pit, heap leach gold operation located in the northern Black Hills of western South Dakota.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Gold and Silver Price Fluctuations: Gold prices have plummeted from a historical peak of $5,419.80 per ounce on January 28 to the current $4,868.30, while silver has dropped from $116.58 to $76.67, directly impacting Coeur Mining's profitability.
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- Precious Metals Rebound: Gold prices increased by more than 6% and silver surged over 13%, leading mining stocks like Freeport McMoRan and Hecla Mining to rise by more than 5% and 4% respectively, indicating a recovery in market demand for precious metals.
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