New Gold(US:NGD) ZACKS·2025-03-14 22:50Company Performance - New Gold (NGD) closed at $3.19, reflecting a -1.24% change from the previous day, underperforming compared to the S&P 500's gain of 2.13% [1] - Over the past month, New Gold's shares increased by 6.6%, outperforming the Basic Materials sector's decline of 4.39% and the S&P 500's drop of 9.57% [1] Financial Expectations - Analysts anticipate New Gold to report earnings of $0 per share, indicating a year-over-year decline of 100% [2] - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.24 per share and revenue of $1.12 billion, reflecting increases of +20% and +21.15% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for New Gold are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record of predicting stock price performance [4] Valuation Metrics - New Gold is currently trading at a Forward P/E ratio of 13.74, which is a premium compared to its industry's Forward P/E of 13.34 [6] - The company has a PEG ratio of 0.81, which is lower than the Mining - Gold industry's average PEG ratio of 0.88 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]