Coeur Mining (CDE) to Acquire New Gold, Roth MKM Lifts Price Target

Coeur Mining, Inc. (NYSE:CDE) is one of the 13 Best Gold Mining Companies to Invest In Now. On December 15, Roth MKM increased its price target on Coeur Mining, Inc. (NYSE:CDE) from $20 to $23 while maintaining a Buy rating.

This update comes after Coeur Mining, Inc. (NYSE:CDE) announced in November 2025 that it has entered into a definitive agreement. Under this agreement, a wholly-owned subsidiary of the company will acquire all of the issued and outstanding shares of New Gold Inc. (NYSEAMERICAN:NGD) in accordance with a court-approved plan of arrangement.

Once completed, the transaction is expected to create a new, 100% North American senior mining company with an estimated market capitalization of $20 billion. The combined company will have seven high-quality operations, which Coeur Mining, Inc. (NYSE:CDE) expects will produce about 1.25 million gold equivalent ounces in 2026. This forecast includes 20 million ounces of silver and 900,000 ounces of gold. The new company will generate more than 80% of its revenue from the US and Canada, alongside strong free cash flow generation.

The new company is projected to generate around $3 billion in EBITDA and about $2 billion in free cash flow in 2026 with much lower costs and better margins. This represents a significant increase compared to Coeur Mining, Inc.’s (NYSE:CDE) expected EBITDA of $1 billion and free cash flow of about $550 million for 2025 full-year.

Coeur Mining, Inc. (NYSE:CDE) is an American precious metals producer focused on gold and silver mining in the Americas.

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Disclosure: None. This article is originally published at Insider Monkey.