New Gold (NGD) Trades Near 52-Week Following Strong Share Price Surge in 2025

Core Insights - New Gold Inc. (NYSE:NGD) is highlighted as one of the 12 cheap gold stocks to consider for investment [1] - The company's share price surged to a 52-week high of $8.85, reflecting a 172% gain over the past year and a 239% increase in 2025 [2] - TD Securities upgraded New Gold's stock from "Hold" to "Buy," raising the price target from $7.50 to $12.00, influenced by a proposed acquisition by Coeur Mining [3] Acquisition Details - Coeur Mining and New Gold entered a definitive agreement for Coeur's subsidiary to acquire all outstanding New Gold shares, offering 0.4959 shares of Coeur common stock for each New Gold share, equating to $8.51 per share, a 16% premium over the closing price on October 31, 2025 [4] - The acquisition is expected to create a leading North American precious metals producer with a pro forma market capitalization of approximately $20 billion, seven high-quality operations, an expected 2026 EBITDA of $3 billion, and around $2 billion of free cash flow in 2026 [5] Company Overview - New Gold Inc. is a Canadian-focused intermediate gold mining company, primarily operating the New Afton copper-gold mine and the Rainy River gold mine [6]