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New Found Gold ( (TSE:NFG) ) has issued an update.
New Found Gold Corp. has announced promising drill results from its 2025 Work Program at the Queensway Gold Project, specifically at the Keats West Zone. The results confirm the continuity of high-grade gold mineralization and reveal new regions of gold outside the current mineral resource estimate block model. This development suggests potential for expanding the high-grade mineralization beyond the current open pit extents, which could enhance the project’s value and impact the company’s future operations positively.
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. is a company operating in the gold mining industry, focusing on exploration and development of gold projects. Their primary project is the Queensway Gold Project located in Newfoundland and Labrador, Canada.
Average Trading Volume: 473,028
Technical Sentiment Signal: Sell
Current Market Cap: C$397.5M
Learn more about NFG stock on TipRanks’ Stock Analysis page.