Core Viewpoint - New Gold (NGD) has shown significant stock performance, with a notable increase in share price and strong anticipated earnings growth for the upcoming quarter [1][2]. Company Performance - New Gold closed at $12.85, reflecting a +1.82% increase from the previous day, outperforming the S&P 500's daily gain of 0.03% [1]. - Over the past month, New Gold's shares have gained 38.99%, significantly surpassing the Basic Materials sector's gain of 8.78% and the S&P 500's gain of 0.6% [1]. Earnings Estimates - The upcoming earnings disclosure is expected to show an EPS of $0.27, indicating a remarkable growth of 285.71% compared to the same quarter last year [2]. - For the full year, earnings are projected at $0.61 per share, representing a 205% increase, while revenue is expected to remain unchanged at $0 million [2]. Analyst Estimates - Recent changes to analyst estimates for New Gold are crucial, as positive revisions typically indicate a favorable business outlook [3]. - The Zacks Consensus EPS estimate has increased by 14.5% over the past month, reflecting positive sentiment among analysts [5]. Valuation Metrics - New Gold is currently trading at a Forward P/E ratio of 9.99, which is below the industry average Forward P/E of 14.83, suggesting it may be undervalued [6]. - The Mining - Gold industry, which includes New Gold, ranks in the top 17% of all industries, indicating strong performance relative to peers [6]. Zacks Rank - New Gold holds a Zacks Rank of 3 (Hold), which is indicative of a neutral outlook based on the current estimate changes [5].

Core Viewpoint - New Gold Inc. is set to undergo a significant transaction where Coeur Mining, Inc. will acquire all outstanding shares of New Gold, with independent proxy advisory firms recommending shareholders vote in favor of the deal [1][3]. Transaction Details - Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held, resulting in Coeur and New Gold shareholders owning approximately 62% and 38% of the combined company, respectively [2]. - The transaction is scheduled for approval at a Special Meeting of New Gold shareholders on January 27, 2026 [1][4]. Strategic Rationale - The transaction is viewed as strategically sound, combining two precious metals mining companies to create a larger entity with increased production, market capitalization, and significant combined EBITDA and cash flow [3]. - The combined company is expected to have a strong cash flow profile, allowing for reinvestment in organic growth opportunities and enhanced trading liquidity, potentially leading to inclusion in major U.S. indexes [3]. - New Gold shareholders are expected to receive a market premium of approximately 16% and gain exposure to Coeur's portfolio of mines [3]. Voting Information - New Gold shareholders are reminded to vote by the deadline of January 23, 2026, at 11:00 a.m. (Eastern Time) [4][6]. - The meeting will be held both in person and virtually, with details provided for accessing the meeting [4][5]. Company Background - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [8]. - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining [8].

Core Insights - New Gold Inc. achieved its 2025 production targets, generating over $532 million in free cash flow for the year, with a strong quarterly performance in Q4 2025 [1][2][4] Production Performance - Q4 2025 gold production was 107,778 ounces and copper production was 11.0 million pounds, contributing to a full year total of 353,772 ounces of gold and 50.1 million pounds of copper, meeting the guidance ranges [3][4] - The New Afton Mine produced 13,355 ounces of gold and 11.0 million pounds of copper in Q4 2025, with full year production of 63,536 ounces of gold and 50.1 million pounds of copper, also achieving its guidance [4][5] Financial Highlights - The company generated $240 million in free cash flow in Q4 2025 after capital investments exceeding $67 million, and $532 million for the full year after over $310 million in capital expenditures [4][12] - Cash generated from operations was $327 million for Q4 2025 and $898 million for the full year [4][12] Operational Efficiency - The total recordable injury frequency rate (TRIFR) for 2025 was 0.65, a 10% reduction from the previous year, marking the lowest TRIFR recorded by the company [2] - Rainy River Mine achieved a production of 94,423 ounces of gold in Q4 2025, with full year production of 290,236 ounces, reaching the top end of its guidance [4][5] Growth Initiatives - Growth initiatives are progressing well, with the C-Zone cave construction at New Afton on track for completion in early 2026 and a 45% improvement in development rates at Rainy River underground [2][4]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on New Gold (NGD), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][5]. Brokerage Recommendations for New Gold - New Gold has an average brokerage recommendation (ABR) of 1.56, indicating a position between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Out of the nine recommendations, six are classified as Strong Buy and one as Buy, which accounts for 66.7% and 11.1% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations for investment decisions may not be advisable, as studies indicate these recommendations often do not effectively guide investors towards stocks with high potential for price appreciation [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, with five "Strong Buy" recommendations for every "Strong Sell" [6][11]. Zacks Rank as an Alternative Indicator - The Zacks Rank, which categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of a stock's near-term price performance, driven by earnings estimate revisions [8][12]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates and business trends [13]. Current Earnings Estimates for New Gold - The Zacks Consensus Estimate for New Gold's current year earnings remains unchanged at $0.58 over the past month, suggesting stable analyst views on the company's earnings prospects [14]. - Due to the unchanged consensus estimate and other factors, New Gold currently holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [15].

Core Viewpoint - New Gold Inc.'s Board of Directors recommends shareholders vote "FOR" the acquisition by Coeur Mining, Inc., supported by a favorable recommendation from Institutional Shareholder Services Inc. (ISS) [1][2] Transaction Details - Under the transaction terms, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held [2] - Post-transaction, Coeur and New Gold shareholders will own approximately 62% and 38% of the combined company, respectively [2] - ISS highlighted the strategic soundness of the arrangement, citing expected operational synergies, a stronger balance sheet, and improved liquidity [2] Meeting and Voting Information - The special meeting for shareholder approval will take place on January 27, 2026, at 11:00 a.m. (Eastern Time) [3] - The meeting will be held in person and virtually, with details provided for accessing the live webcast [3] - Eligible shareholders have received a Circular and proxy forms, which can also be accessed online [4] Shareholder Engagement - Shareholders are encouraged to submit their votes before the deadline of January 23, 2026, at 11:00 a.m. (Eastern Time) [5] - For assistance with voting, shareholders can contact Kingsdale Advisors for more information [5] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [6][7] - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining [7]

Group 1 - New Gold Inc. (NYSEAMERICAN:NGD) reached a new 13-year high, driven by a surge in gold prices amid geopolitical tensions [1][4] - The stock increased by 7.9% during intra-day trading, peaking at $10.79, before closing up 5.40% at $10.54 [2] - Spot gold prices soared to an all-time high of $4,600 following concerns over the Federal Reserve's independence due to political pressures [2][3] Group 2 - The rally in gold prices is expected to enhance profit margins for mining companies like New Gold Inc. [4] - Investors are increasingly seeking safety in gold due to ongoing geopolitical issues, particularly in Iran [3]

Core Viewpoint - New Gold Inc. has shown significant stock performance, with a 21.54% increase over the past month and a remarkable 245.99% increase over the past year, leading to optimism among long-term shareholders [1] Group 1: Stock Performance - The current trading price of New Gold Inc. is $9.48, reflecting a 4.52% spike in the current session [1] - Over the past month, the stock has increased by 21.54% [1] - In the past year, the stock has surged by 245.99% [1] Group 2: Price-to-Earnings (P/E) Ratio - The P/E ratio of New Gold Inc. is 28.34, which is lower than the aggregate P/E ratio of 37.56 in the Metals & Mining industry [6] - A lower P/E ratio may suggest that shareholders expect the stock to perform worse than its industry peers, or it could indicate that the stock is undervalued [6] - The P/E ratio is a useful metric for analyzing market performance but should not be used in isolation, as it has limitations [9][10]

Core Viewpoint - The gold sector in the US stock market experienced a collective rise in pre-market trading, driven by increased demand for safe-haven assets following the arrest of Venezuelan President Maduro, which led to a surge in gold prices, reaching $4,434 per ounce [1]. Group 1: Stock Performance - New Gold saw a pre-market increase of 5.37% [2] - Coeur Mining rose by 3.42% [2] - Pan American Silver increased by 2.98% [2] - Barrick Mining experienced a rise of 2.56% [2] - Harmony Gold gained 2.20% [2] - Newmont Mining increased by 2.15% [2] - B2Gold rose by 2.00% [2] - Kinross Gold saw an increase of 1.98% [2] - AngloGold Ashanti rose by 1.86% [2] - Gold Fields increased by 1.56% [2]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on New Gold (NGD), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank to make informed investment decisions [1][5]. Brokerage Recommendations for New Gold - New Gold has an average brokerage recommendation (ABR) of 1.56, indicating a position between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Among the nine recommendations, six are classified as Strong Buy and one as Buy, which accounts for 66.7% and 11.1% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Sole reliance on brokerage recommendations for investment decisions may not be wise, as studies indicate limited success in guiding investors towards stocks with the best price increase potential [5]. - Brokerage firms often exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][11]. Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks into five groups based on earnings estimate revisions, is presented as a more reliable indicator of near-term price performance compared to ABR [8][12]. - The Zacks Rank is timely and reflects the latest earnings estimate revisions, making it a better tool for predicting future stock prices [13]. Current Earnings Estimates for New Gold - The Zacks Consensus Estimate for New Gold has increased by 1.2% over the past month to $0.58, indicating growing optimism among analysts regarding the company's earnings prospects [14]. - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank of 2 (Buy) for New Gold, suggesting that the Buy-equivalent ABR may be a useful guide for investors [15].

Core Insights - Coeur Mining, Inc. (NYSE:CDE) is recognized as one of the 13 best gold mining companies to invest in currently, with Roth MKM raising its price target from $20 to $23 while maintaining a Buy rating [1] Acquisition Details - Coeur Mining has entered into a definitive agreement to acquire all issued and outstanding shares of New Gold Inc. (NYSEAMERICAN:NGD) through a wholly-owned subsidiary, following a court-approved plan of arrangement [2] Market Impact - The acquisition is expected to create a new North American senior mining company with an estimated market capitalization of $20 billion, projected to produce approximately 1.25 million gold equivalent ounces in 2026, including 20 million ounces of silver and 900,000 ounces of gold [3] - The combined entity is anticipated to generate over 80% of its revenue from the US and Canada, alongside strong free cash flow generation [3] Financial Projections - The new company is projected to generate around $3 billion in EBITDA and about $2 billion in free cash flow in 2026, significantly higher than Coeur Mining's expected EBITDA of $1 billion and free cash flow of approximately $550 million for the full year of 2025 [4] - The transaction is expected to result in lower costs and improved margins for the combined company [4]