New Gold Sees 77.8% Strong Buy Recommendations, EPS Estimate Rises 22.4%
New Gold has an average brokerage recommendation of 1.33 based on nine analysts, with 77.8% issuing Strong Buy ratings. Its Zacks Consensus Estimate for fiscal earnings has risen 22.4% over the past month to $0.66, earning a Zacks Rank #1 Strong Buy.
1. Brokerage Recommendations Overview
New Gold’s average brokerage recommendation stands at 1.33 from nine firms, reflecting seven Strong Buy and one Buy opinions. Strong Buy ratings account for 77.8% of the mix, while Buy ratings represent 11.1%, indicating pronounced optimism among sell-side analysts.
2. Earnings Revisions and Zacks Rank
The Zacks Consensus Estimate for New Gold’s current fiscal year earnings has climbed 22.4% in the past month to $0.66 per share. This significant upward revision contributed to the company receiving a Zacks Rank #1 (Strong Buy), signaling strong near-term price potential.