New Gold (NGD) Rises As Market Takes a Dip: Key Facts

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 ...