New Found Gold Corp. Reports Q1 2025 Financial Results

The latest update is out from New Found Gold ( (TSE:NFG) ).

New Found Gold Corp. released its unaudited condensed interim financial statements for the three months ended March 31, 2025, showing a decrease in total assets from $74 million at the end of 2024 to $61.7 million. The company reported a significant reduction in exploration and evaluation expenditures compared to the previous year, although it still incurred a net loss from operating activities. This financial update may impact the company’s operational strategies and investor relations as it navigates its financial challenges.

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 resources. The company is primarily engaged in the discovery and advancement of high-grade gold deposits in Newfoundland and Labrador, Canada.

YTD Price Performance: -35.23%

Average Trading Volume: 673,914

Technical Sentiment Signal: Sell

Current Market Cap: C$365.1M

Learn more about NFG stock on TipRanks’ Stock Analysis page.