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New Found Gold ( (TSE:NFG) ) has provided an announcement.
On August 27, 2025, New Found Gold Corp. announced the completion of a non-brokered private placement of 12,269,939 common shares, raising C$20,000,000.57. This transaction, involving Eric Sprott, increased his ownership to approximately 23.1% of the company’s shares. The proceeds will support the Queensway Gold Project and general corporate purposes, marking a significant step in the company’s growth strategy.
The most recent analyst rating on (TSE:NFG) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on New Found Gold stock, see the TSE:NFG Stock Forecast page.
Spark’s Take on TSE:NFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Neutral.
New Found Gold’s overall score reflects significant challenges typical for exploration companies, including lack of revenue and negative technical momentum. However, a strong equity position and promising corporate developments provide potential upside, making it a speculative investment with high risk and potential long-term reward.
To see Spark’s full report on TSE:NFG stock, click here.
More about New Found Gold
New Found Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Queensway Gold Project, which it fully owns, and is based in Vancouver, British Columbia.
Average Trading Volume: 364,860
Technical Sentiment Signal: Hold
Current Market Cap: C$533M
See more data about NFG stock on TipRanks’ Stock Analysis page.