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New Found Gold ( (TSE:NFG) ) has provided an update.
On June 16, 2025, New Found Gold announced the expansion of its 2025 Work Program at the Queensway Gold Project, with a focus on resource definition, pre-development, and exploration drilling. The program includes a 70,000-meter diamond drill initiative, with 80% dedicated to resource definition and 20% to exploration. The company is also conducting engineering and environmental studies to advance the project towards development, highlighting the district-scale potential of its extensive landholdings.
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 an advanced exploration company focused on the Queensway Gold Project in Newfoundland and Labrador, Canada. The company holds a 100% interest in this project, which spans 175,600 hectares and covers a 110 km strike extent along two prospective fault zones. New Found Gold is committed to growth and value creation, supported by a strong shareholder base, including a significant holding by Eric Sprott.
Average Trading Volume: 710,380
Technical Sentiment Signal: Sell
Current Market Cap: C$405.5M
Find detailed analytics on NFG stock on TipRanks’ Stock Analysis page.