š CoeurāÆMining Gets Bullish Analyst Upgrade as Merger With New Gold Looms
U.S. silver & gold miner CoeurāÆMining has been upgraded to a Strong Buy by Zacks Research, reflecting growing optimism tied to its pending acquisition of New Gold Inc.
⢠š„ Strong Buy rating: Zacks upgraded Coeur from āHoldā to Strong Buy after evaluating the companyās merger prospects and sector position.
⢠š¤ Merger catalyst: Coeur is pursuing a ~$6.8āÆbillion allāstock deal to acquire New Gold, aiming to create a topātier North American precious metals producer.
⢠šŖ Scale & synergies: The combined company could produce 1.25āÆM goldāequivalent ounces annually and deliver strong cash flows ($2āÆbillion free cash flow projected for 2026).
⢠š Mixed stock action: Despite the upbeat analysts, Coeur shares recently pulled back slightly amid sector volatility and rising short interest ā a setup that could fuel momentum if merger votes go well.
The analyst upgrade underscores confidence that Coeurās strategic merger will unlock substantial longāterm value ā but the next key catalyst is the New Gold shareholder vote scheduled for late January 2026.
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