Company Performance - New Gold (NGD) shares have increased by 9.9% over the past month and reached a 52-week high of $3.98, with a year-to-date gain of 60.5% compared to 4.2% for the Zacks Basic Materials sector and 46.8% for the Zacks Mining - Gold industry [1] - The company has consistently exceeded earnings expectations, reporting an EPS of $0.02 against a consensus estimate of $0.01 in its last earnings report [2] - For the current fiscal year, New Gold is projected to achieve earnings of $0.39 per share on revenues of $1.24 billion, reflecting a 95% increase in EPS and a 33.59% increase in revenues [3] Valuation Metrics - New Gold has a Value Score of B, a Growth Score of B, and a Momentum Score of C, resulting in a VGM Score of A [6] - The stock trades at 10.3X current fiscal year EPS estimates, below the peer industry average of 14.1X, and at 7.8X trailing cash flow compared to the peer group's average of 10.9X [7] Zacks Rank - New Gold holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, indicating potential for further price appreciation [8] Industry Comparison - The Mining - Gold industry is performing well, ranking in the top 18% of all industries, providing favorable conditions for both New Gold and its peer Agnico Eagle Mines Limited (AEM) [11] - AEM also has a Zacks Rank of 2 (Buy) and is expected to post earnings of $6.11 per share on revenues of $9.99 billion for the current fiscal year [10]
New Gold Inc. (NGD) Hit a 52 Week High, Can the Run Continue?