New Gold (NGD) Stock Declines While Market Improves: Some Information for Investors

Core Viewpoint - New Gold (NGD) has shown significant monthly gains, outperforming both the Basic Materials sector and the S&P 500, while upcoming earnings are anticipated to reflect substantial year-over-year growth in earnings and revenue [1][2]. Company Performance - New Gold's stock closed at $4.76, reflecting a decrease of -2.06% from the previous day, while the S&P 500 gained 0.55% [1]. - Over the past month, New Gold's shares increased by 27.56%, outperforming the Basic Materials sector's gain of 4.58% and the S&P 500's gain of 6.29% [1]. Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.08, representing a 300% increase from the same quarter last year [2]. - For the full year, analysts project earnings of $0.39 per share and revenue of $1.31 billion, indicating increases of +95% and +41.21% respectively compared to the previous year [2]. Analyst Estimates - Recent changes to analyst estimates for New Gold suggest a positive outlook, reflecting optimism about the company's business trends [3]. - The Zacks Consensus EPS estimate has increased by 1.96% over the last 30 days, indicating a favorable adjustment in expectations [5]. Valuation Metrics - New Gold has a Forward P/E ratio of 12.46, which is lower than the industry average of 12.99, suggesting that the company is trading at a discount compared to its peers [6]. - The Mining - Gold industry, which includes New Gold, ranks in the top 16% of over 250 industries according to the Zacks Industry Rank [6][7].