New Gold (NGD) Is Up 3.78% in One Week: What You Should Know

Company Overview - New Gold (NGD) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing context [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, NGD shares have increased by 3.78%, outperforming the Zacks Mining - Gold industry, which rose by 0.27% [6] - In a longer time frame, NGD's shares have appreciated by 13.5% over the past month, compared to the industry's 10.54% [6] - Over the last quarter, NGD shares have surged by 25.4%, and over the past year, they have gained an impressive 146.82%, while the S&P 500 has only moved 5.14% and 24.19% respectively [7] Trading Volume - NGD's average 20-day trading volume stands at 11,451,392 shares, which is a significant indicator of market interest and can signal bullish or bearish trends [8] Earnings Outlook - In the last two months, 2 earnings estimates for NGD have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $0.18 to $0.19 [10] - For the next fiscal year, there have been 2 upward revisions and 1 downward revision in earnings estimates [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, NGD is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [12]