New Gold (NGD) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - New Gold (NGD) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of B, indicating strong potential for near-term price appreciation [2][4]. Performance Metrics - Over the past quarter, New Gold shares have increased by 22.02%, and over the last year, they have risen by 76.72%, significantly outperforming the S&P 500, which has moved 5.79% and 26.87% respectively during the same periods [3]. - In the past week, NGD shares have risen by 11.17%, while the Zacks Mining - Gold industry has remained flat [9]. - The monthly price change for NGD is 9.63%, compared to the industry's performance of 2.56% [9]. Trading Volume - The average 20-day trading volume for NGD is 12,660,496 shares, which serves as a bullish indicator when combined with rising stock prices [10]. Earnings Outlook - In the last two months, two earnings estimates for NGD have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.06 to $0.12 for the full year [12]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [12].