The Globe and Mail reports in its Tuesday edition that analysts have raised their earnings forecasts for New Gold, while also touting its value characteristics. The Globe's guest columnist Anthony Menard writes in the Number Cruncher column that New Gold is a stock with positive analyst sentiment. New Gold is a Canadian gold mining company that has surged 138.1 per cent over the past year, driven in part by an about 40-per-cent rise in gold prices to about $3,300 (U.S.) per ounce from around $2,300 (U.S.). Analyst sentiment has turned notably positive, with earnings estimates increasing by 27.3 per cent over the past 90 days. While the company's five-year revenue growth is a more modest 6.7 per cent, its valuation remains appealing at 11.9 times forward earnings. Mr. Menard says New Gold stands out as a solid candidate for investors seeking exposure to gold.