The most recent trading session ended with New Gold (NGD) standing at $2.24, reflecting a -1.54% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.71% loss on the day. At the same time, the Dow lost 0.93%, and the tech-heavy Nasdaq lost 0.81%. The the stock of gold mining company has risen by 13.5% in the past month, leading the Basic Materials sector's loss of 0.77% and the S&P 500's gain of 1.08%. Analysts and investors alike will be keeping a close eye on the performance ...

The upcoming earnings release of New Gold will be of great interest to investors. The company's earnings report is expected on July 30, 2024. The company is expected to report EPS of $0.02, unchanged from the prioryear quarter. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Coming into tod ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Bel ...

Coming into today, shares of the gold mining company had gained 19.6% in the past month. In that same time, the Basic Materials sector lost 2.77%, while the S&P 500 gained 5.11%. NGD's full-year Zacks Consensus Estimates are calling for earnings of $0.15 per share and revenue of $906.5 million. These results would represent year-over-year changes of +114.29% and +15.26%, respectively. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performa ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style ...

New Gold (NGD) closed the most recent trading day at $1.96, moving +1.03% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%. The investment community will be closely monitoring the performance of New Gold in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.02, reflecting no change from the same quarter last year. Additionally, inve ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. New Gold (NGD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. New Gold is a member of our Basic Materials group, which includes 241 different companies and currently sits at #16 in the Zacks Sector Ra ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Of the 10 recommendations that derive the current ABR, five are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 20% of all recommendations. The ABR suggests buying New Gold, but making an investment dec ...

Investors will be eagerly watching for the performance of New Gold in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.02, marking stability compared to the same quarter of the previous year. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The ...

Below, we take a look at New Gold (NGD) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. New Gold currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) an ...