New Gold Surges 2.13%, EPS Forecast Soars 285%
New Gold shares gained 2.13% on February 27, outperforming the S&P 500’s 0.43% drop and extending a one-month rally of 8.6%. Analysts project Q1 EPS of $0.27 (up 285.7% yoy) while the stock trades at a forward P/E of 8.5 versus the 13.34 industry average.
1. Stock Performance
New Gold shares rose 2.13% on February 27, outpacing the S&P 500’s 0.43% decline and the Nasdaq’s 0.92% drop. Over the past month, the stock has climbed 8.6%, exceeding the Basic Materials sector gain of 7.73% and the S&P 500’s 0.5% loss.
2. Earnings Projections
Q1 EPS are forecast at $0.27 per share, a 285.71% increase from the prior-year quarter. Full-year consensus calls for $0.66 EPS, up 230% year over year, while revenue estimates remain unchanged.
3. Analyst Rank and Valuation
The company holds a Zacks Rank #1 (Strong Buy) after a 22.1% rise in consensus EPS estimates over the last month. At a forward P/E of 8.5, New Gold trades at a steep discount to the 13.34 average for its gold mining peers, suggesting potential undervaluation.