New Gold Q1 EPS Forecast Soars 285.7% as Stock Trades at 7.2 P/E
New Gold shares slumped 5.18% on March 5 after climbing 15.26% over the past month, outperforming the Basic Materials sector's 3.46% gain. Analysts project Q1 EPS of $0.27 (+285.7% year-over-year) and EPS of $0.66 (+230%) as the stock trades on a 7.2 forward P/E versus the industry average of 11.87.
1. Recent Share Performance
New Gold shares closed at $11.17 on March 5, down 5.18%, underperforming the S&P 500's 0.57% drop and the Dow's 1.61% loss. Over the past month, shares have gained 15.26%, outpacing the Basic Materials sector's 3.46% advance and the S&P 500's 0.15% decline.
2. Earnings Forecasts
Analysts forecast Q1 EPS of $0.27, a 285.71% increase year-over-year, and full-year EPS of $0.66, up 230%, while revenue is expected to remain flat year-over-year.
3. Valuation and Analyst Confidence
The stock trades at a forward P/E of 7.2 versus the gold mining industry average of 11.87, supported by a 9.84% upward revision in consensus EPS estimates over the past month and a top-tier Zacks Rank #1.