New Gold (NGD) Stock Dips While Market Gains: Key Facts

Group 1 - New Gold's stock was down 1.62% at $4.85, underperforming the S&P 500's daily gain of 1.11% [1] - Over the previous month, New Gold's shares gained 14.65%, outperforming the Basic Materials sector's gain of 2.17% and the S&P 500's gain of 3.92% [1] Group 2 - New Gold's upcoming earnings per share (EPS) are projected to be $0.1, reflecting a 400% increase from the same quarter last year [2] - For the full year, earnings are projected at $0.42 per share and revenue at $1.31 billion, representing changes of +110% and +41.21% from the prior year [2] Group 3 - Recent modifications to analyst estimates for New Gold indicate evolving short-term business trends, with positive revisions signaling optimism about the business outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides a clear rating model for stock performance [4] Group 4 - New Gold currently holds a Zacks Rank of 2 (Buy), with a consensus EPS projection that has moved 3.68% higher in the past 30 days [5] - The company is trading at a Forward P/E ratio of 11.67, which is a discount compared to the industry average Forward P/E of 13.02 [6] Group 5 - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]