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Coeur Mining’s Acquisition of New Gold Approved by British Columbia Court

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 2/9/2026, 11:33 am ET 2/9/2026, 11:33 am ET | 5 min 5 min read
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New Gold Inc.’s stocks have been trading up by 6.86 percent due to strong investor confidence and market sentiment.

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Live Update At 11:32:54 EST: On Monday, February 09, 2026 New Gold Inc. stock [NYSE American: NGD] is trending up by 6.86%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

New Gold has reported a stellar performance in its recent financial quarter, chalking up an impressive $532M in yearly free cash flow. The company produced 107,778 ounces of gold and 11M pounds of copper over the last quarter, solidifying its strong presence in the market. While their profitability ratios suggest healthy operations, with EBITDA margins at 47.1% and profit margins at 20.07%, these figures indicate a significant runway for potential earnings growth post-acquisition. New Gold’s revenue also reached $924.5M, further underscoring their solid financial standing.

Strategic Acquisitions and Analyst Upgrades

New Gold Inc.’s journey towards being acquired by Coeur Mining (CDE) has been met with both optimism and anticipation. Analyst Eric Winmill from Scotiabank recently increased New Gold’s price targets from $10.50 to $12.75, gauging a bullish outlook on future performance. Canaccord, likewise, raised New Gold’s target price to C$18, sustaining faith in the buy strategy despite potential market volatility.

More Breaking News

Analyst upgrades such as these often spark investor confidence, influencing stock prices positively. In the context of New Gold, these evaluations indicate solid operational metrics and potential for a lucrative merger following the court’s recent approval of the acquisition plan, which is poised to alter the mining landscape.

Market Reactions to Acquisition Announcements

With the Supreme Court’s approval, Coeur Mining’s acquisition of New Gold is on the verge of completion, only awaiting pending formalities. Such strategies, while risky, can significantly alter market positions, creating expanded resources and capabilities for the conglomerate. This merger is set to shake up the mining sector by combining resources, potentially leading to increased production and revenue streams for New Gold and Coeur combined.

The merging of entities also captures investor interest due to the potential operational synergies and enhanced liquidity. Together, they promise a more robust balance sheet, which is enticing for shareholders seeking growth traction. This has been reflected in the consistent upward trend of New Gold’s stocks as speculated by market participants.

In essence, this acquisition is more than a reshuffling of assets; it’s about strategic expansion, ready to bear fruit in the forthcoming fiscal layers.

Conclusion

The journey to this point has been eventful, with financials and strategic calls aligning with shareholder approvals, paving a worthy pathway for long-term growth within Coeur Mining and New Gold Inc. While significant market shifts may be anticipated, especially through consolidating assets, this merger is a transformative promise carrying potential for even greater value creation across the sector. Additionally, as millionaire penny stock trader and teacher Tim Sykes says, “Consistency is key in trading; don’t let emotions dictate your trades.” This principle stands as a guiding force for those involved, keeping focus and discipline at the forefront.

The outcome, objectively positive, echoes through New Gold’s reinforced stock performance. This, in turn, keeps shareholders on the frontline of benefiting from a smoother, potentially lucrative integration between powerful forces in the mining domain. In the end, the approval, fused with deliberate strategy, lays the groundwork for a formidable market presence ready to embrace both opportunities and challenges that lie ahead.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Tim Sykes

Head Writer at TimothySykes.com, Lead Mentor at the Trading Challenge
In his 20-plus years of trading, Tim has made $7.9 million. In his 15-plus years of teaching, Tim’s Trading Challenge has produced over 30 millionaire students. His philosophy emphasizes small gains and cutting losses quickly.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”