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Stock impact report

New Gold And Coeur Mining: A Bad Deal For One, A Better One For The Other [Seeking Alpha]

Coeur Mining, Inc. (CDE) 
Last coeur mining, inc. earnings: 4/22 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.coeur.com
Company Research Source: Seeking Alpha
A $7 billion all-stock acquisition by Coeur Mining will fold NGD into a larger, less nimble producer, capping standalone upside. I now rate NGD a sell, as the deal is value-destructive for shareholders who miss out on near-term free cash flow acceleration. CDE is rated a hold; the deal is accreditive, but dilution, high valuation, and weak per-share growth history limit upside. Juan Jose Napuri/iStock via Getty Images Introduction New Gold ( NGD ) has what looked on paper to be a terrible start to the year. Q1 results showed a 26% fall in production, costs at the Rainy River mine rising 68%, and the company posted This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of BTG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose s Show less Read more
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