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

New Gold Inc. (NYSE:NGD) is one of the 12 cheap gold stocks to buy now.

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

On December 12, 2025, New Gold Inc. (NYSE:NGD) climbed to its 52-week high of $8.85, having recorded a massive 172% gain over the past year and an impressive 239% in 2025 so far. This surge comes amid strong investor confidence and growing interest in the company’s assets and strategic initiatives.

Amid this strong share price momentum, New Gold Inc. (NYSE:NGD) caught TD Securities’ attention on December 1. The bank’s analyst Wayne Lam upgraded the stock from “Hold” to “Buy” and raised the price target from $7.50 to $12.00, according to The Fly. This upgrade reflects the proposed all-stock acquisition by Coeur Mining, which the analyst described as offering an “attractive price” for New Gold shareholders. Furthermore, Lam believes that shareholders should accept the offer, as the acquisition price includes a premium, and it is unlikely that another bidder will come up with a higher offer.

As announced on November 3, 2025, Coeur Mining and New Gold entered into a definitive agreement under which Coeur’s wholly-owned subsidiary will acquire all outstanding New Gold shares. As per the agreement, New Gold Inc. (NYSE:NGD) shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share. This implies a consideration of $8.51 per share, a 16% premium to the October 31, 2025, closing price.

This deal would create a leading, 100% North American precious metals producer, which is expected to boast approximately $20 billion in pro forma market capitalization, seven high-quality operations, an expected 2026 EBITDA of $3 billion, and roughly $2 billion of free cash flow in 2026 at significantly lower overall costs and higher margins. The deal would position New Gold Inc. (NYSE:NGD) for enhanced growth and leadership.

New Gold Inc. (NYSE:NGD) is a Canadian-focused intermediate gold mining company. The company’s core operations are at the New Afton copper-gold mine and Rainy River gold mine.

While we acknowledge the potential of NGD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NGD and that has 100x upside potential, check out our report about this cheapest AI stock.

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