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New Gold (NGD) Dips More Than Broader Market: What You Should Know
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New Gold (NGD - Free Report) closed at $6.82 in the latest trading session, marking a -5.93% move from the prior day. This change lagged the S&P 500's 0.28% loss on the day. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
Coming into today, shares of the gold mining company had gained 11.71% in the past month. In that same time, the Basic Materials sector gained 0.4%, while the S&P 500 gained 4.03%.
The investment community will be paying close attention to the earnings performance of New Gold in its upcoming release. The company is slated to reveal its earnings on October 28, 2025. The company's upcoming EPS is projected at $0.17, signifying a 112.50% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.5 per share and revenue of $1.41 billion. These totals would mark changes of +150% and +52.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for New Gold. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.66% higher. Currently, New Gold is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, New Gold is presently being traded at a Forward P/E ratio of 14.65. For comparison, its industry has an average Forward P/E of 16.44, which means New Gold is trading at a discount to the group.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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New Gold (NGD) Dips More Than Broader Market: What You Should Know
New Gold (NGD - Free Report) closed at $6.82 in the latest trading session, marking a -5.93% move from the prior day. This change lagged the S&P 500's 0.28% loss on the day. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
Coming into today, shares of the gold mining company had gained 11.71% in the past month. In that same time, the Basic Materials sector gained 0.4%, while the S&P 500 gained 4.03%.
The investment community will be paying close attention to the earnings performance of New Gold in its upcoming release. The company is slated to reveal its earnings on October 28, 2025. The company's upcoming EPS is projected at $0.17, signifying a 112.50% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.5 per share and revenue of $1.41 billion. These totals would mark changes of +150% and +52.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for New Gold. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.66% higher. Currently, New Gold is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, New Gold is presently being traded at a Forward P/E ratio of 14.65. For comparison, its industry has an average Forward P/E of 16.44, which means New Gold is trading at a discount to the group.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.