New Gold's Upside Linked to Gold Prices and Coeur Mining Acquisition

New Gold Inc.'s stock has surged 8.8% after ISS backed Coeur Mining's proposed takeover, which would leave New Gold investors owning a 38% stake in the combined company. Despite record gold prices, investors should be aware of elevated all-in sustaining costs and focus on execution at Rainy River and New Afton. Seven fair value estimates from the Simply Wall St Community span from $5.68 to $39 per share, highlighting different views on New Gold's upside.