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 ...

Core Viewpoint - New Gold (NGD) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of B, indicating strong potential for near-term price appreciation [2][4]. Performance Metrics - Over the past quarter, New Gold shares have increased by 22.02%, and over the last year, they have risen by 76.72%, significantly outperforming the S&P 500, which has moved 5.79% and 26.87% respectively during the same periods [3]. - In the past week, NGD shares have risen by 11.17%, while the Zacks Mining - Gold industry has remained flat [9]. - The monthly price change for NGD is 9.63%, compared to the industry's performance of 2.56% [9]. Trading Volume - The average 20-day trading volume for NGD is 12,660,496 shares, which serves as a bullish indicator when combined with rising stock prices [10]. Earnings Outlook - In the last two months, two earnings estimates for NGD have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.06 to $0.12 for the full year [12]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [12].

PROVIDES CORPORATE ACTIVITIES UPDATE (All dollar figures are in US dollars unless otherwise indicated) TORONTO, June 4, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2023 Environmental, Social and Governance Reports (the "2023 ESG Reports") and its 2023 Task Force on Climate-Related Financial Disclosures Report (the "TCFD Report"). New Gold has published an annual ESG Report since 2015 (formerly, the Sustainabili ...

"The latest K-Zone drilling includes some of the best mineralized intervals drilled at the New Afton mine and expands the mineralized envelope, highlighting the potential for a new mining zone close to existing mine infrastructure," stated Patrick Godin, President and CEO. "The confirmation of high-grade bornite-bearing mineralization demonstrates the high mineral prospectivity around the New Afton mine and provides a high level of confidence as we look to grow K-Zone with drilling from the underground expl ...