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New Found Gold ( (TSE:NFG) ) has shared an announcement.
New Found Gold Corp. announced the closing of the second and final tranche of its ‘bought deal’ public offering on June 12, 2025, raising a total of C$63,480,000. The offering included 24,610,000 charity flow-through common shares and 4,370,000 common shares, with significant participation from stakeholders such as Eric Sprott and entities associated with Paul Huet. This move is expected to bolster the company’s financial position and support its exploration activities, with implications for shareholder value and market positioning.
The most recent analyst rating on (TSE:NFG) stock is a Buy with a C$3.00 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 the exploration and development of gold properties. The company is based in Vancouver, British Columbia, Canada, and is involved in public offerings to raise capital for its operations.
YTD Price Performance: -25.98%
Average Trading Volume: 709,096
Technical Sentiment Signal: Sell
Current Market Cap: C$417.6M
For a thorough assessment of NFG stock, go to TipRanks’ Stock Analysis page.