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New Gold (NGD) Stock Moves -0.55%: What You Should Know
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New Gold (NGD - Free Report) closed the latest trading day at $3.60, indicating a -0.55% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.97%. Meanwhile, the Dow experienced a drop of 1.69%, and the technology-dominated Nasdaq saw a decrease of 2.7%.
Heading into today, shares of the gold mining company had gained 34.07% over the past month, outpacing the Basic Materials sector's gain of 2.29% and the S&P 500's loss of 2.79% in that time.
Investors will be eagerly watching for the performance of New Gold in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.02, showcasing a 200% downward movement from the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.28 per share and a revenue of $1.12 billion, signifying shifts of +40% and +21.15%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for New Gold. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.91% higher within the past month. New Gold presently features a Zacks Rank of #3 (Hold).
In the context of valuation, New Gold is at present trading with a Forward P/E ratio of 13.16. Its industry sports an average Forward P/E of 14.34, so one might conclude that New Gold is trading at a discount comparatively.
We can additionally observe that NGD currently boasts a PEG ratio of 0.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Gold industry had an average PEG ratio of 1 as trading concluded yesterday.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 138, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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New Gold (NGD) Stock Moves -0.55%: What You Should Know
New Gold (NGD - Free Report) closed the latest trading day at $3.60, indicating a -0.55% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.97%. Meanwhile, the Dow experienced a drop of 1.69%, and the technology-dominated Nasdaq saw a decrease of 2.7%.
Heading into today, shares of the gold mining company had gained 34.07% over the past month, outpacing the Basic Materials sector's gain of 2.29% and the S&P 500's loss of 2.79% in that time.
Investors will be eagerly watching for the performance of New Gold in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.02, showcasing a 200% downward movement from the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.28 per share and a revenue of $1.12 billion, signifying shifts of +40% and +21.15%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for New Gold. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.91% higher within the past month. New Gold presently features a Zacks Rank of #3 (Hold).
In the context of valuation, New Gold is at present trading with a Forward P/E ratio of 13.16. Its industry sports an average Forward P/E of 14.34, so one might conclude that New Gold is trading at a discount comparatively.
We can additionally observe that NGD currently boasts a PEG ratio of 0.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Gold industry had an average PEG ratio of 1 as trading concluded yesterday.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 138, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.