Coeur Mining, Inc. (NYSE:CDE) is set to acquire New Gold, Inc. after Roth MKM raised its price target on CDE from $20 to $23 with a Buy rating. The merger will create a new mining giant with an estimated market capitalization of $20 billion and significant revenue from the US and Canada.

The combined company is expected to produce 1.25 million gold equivalent ounces in 2026, generating around $3 billion in EBITDA and $2 billion in free cash flow. Coeur Mining, Inc. (NYSE:CDE) anticipates improved margins and lower costs, increasing its financial performance significantly compared to previous years.

Coeur Mining, Inc. (NYSE:CDE) is a US-based precious metals producer focusing on gold and silver mining in the Americas. While CDE shows investment potential, some AI stocks may offer greater upside with less risk. For insights on undervalued AI stocks benefiting from current economic trends, see the free report on the best short-term AI stock.

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Read more at Yahoo Finance: Coeur Mining (CDE) to Acquire New Gold, Roth MKM Lifts Price Target