Its valuation is considered fairly valued, Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at max_target_price.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
New Found Gold Corp's Score
Industry at a Glance
Industry Ranking
103 / 140
Overall Ranking
443 / 4682
Industry
Metals & Mining
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
1
analysts
Buy
Current Rating
5.000
Target Price
+80.51%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
New Found Gold Corp Highlights
StrengthsRisks
New Found Gold Corp. is an advanced-stage exploration and development company. The Company holds a 100% interest in the Queensway Gold Project (Queensway). The Queensway Gold Project encompasses approximately 175,000 hectares, covering more than 110 kilometers (km) of strike on two primary fault zones: Appleton (AFZ) and Joe Batt’s Pond (JBP). The Hammerdown gold deposit is located approximately five km southwest of the Town of King’s Point and approximately 15 km northwest of the Town of Springdale in Newfoundland & Labrador. Its Maritime Division controls over 43,900 hectares of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Point Rousse Project covers an area of over 54 square kilometers and has significant access, mining, milling and tailings infrastructure. The Nugget Pond gold plant is located in the northeast corner of the Baie Verte mining district, near the community of Snooks Arm, in Newfoundland and Labrador.
Undervalued
The company’s latest PB is 6.47, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 17.78M shares, increasing 10.48% quarter-over-quarter.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.12.
New Found Gold Corp. is an advanced-stage exploration and development company. The Company holds a 100% interest in the Queensway Gold Project (Queensway). The Queensway Gold Project encompasses approximately 175,000 hectares, covering more than 110 kilometers (km) of strike on two primary fault zones: Appleton (AFZ) and Joe Batt’s Pond (JBP). The Hammerdown gold deposit is located approximately five km southwest of the Town of King’s Point and approximately 15 km northwest of the Town of Springdale in Newfoundland & Labrador. Its Maritime Division controls over 43,900 hectares of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Point Rousse Project covers an area of over 54 square kilometers and has significant access, mining, milling and tailings infrastructure. The Nugget Pond gold plant is located in the northeast corner of the Baie Verte mining district, near the community of Snooks Arm, in Newfoundland and Labrador.
Ticker SymbolNFGC
CompanyNew Found Gold Corp
CEOBoyle (Keith)
Websitehttps://newfoundgold.ca/
FAQs
What is the current price of New Found Gold Corp (NFGC)?
The current price of New Found Gold Corp (NFGC) is 3.235.
What is the symbol of New Found Gold Corp?
The ticker symbol of New Found Gold Corp is NFGC.
What is the 52-week high of New Found Gold Corp?
The 52-week high of New Found Gold Corp is 4.540.
What is the 52-week low of New Found Gold Corp?
The 52-week low of New Found Gold Corp is 1.340.
What is the market capitalization of New Found Gold Corp?
The market capitalization of New Found Gold Corp is 786.23M.
What is the net income of New Found Gold Corp?
The net income of New Found Gold Corp is -50.27M.
Is New Found Gold Corp (NFGC) currently rated as Buy, Hold, or Sell?
According to analysts, New Found Gold Corp (NFGC) has an overall rating of Buy, with a price target of 5.000.
What is the Earnings Per Share (EPS TTM) of New Found Gold Corp (NFGC)?
The Earnings Per Share (EPS TTM) of New Found Gold Corp (NFGC) is -0.157.