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New Found Gold ( (TSE:NFG) ) has shared an announcement.
On December 5, 2025, New Found Gold Corp. announced the completion of its acquisition of a 100% interest in mineral claims from Exploits Discovery Corp., expanding its Queensway Gold Project by 31% to 230,225 hectares. This expansion consolidates a district-scale land package along two major fault zones, enhancing the company’s exploration potential. The acquisition involved issuing shares to Exploits and granting a 1% net smelter returns royalty. The company also granted restricted share units to a director, aligning with its growth and value creation 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 is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The company holds a 100% interest in the Queensway Gold Project, as well as the Hammerdown Operation, Pine Cove Operation, and Nugget Pond Hydrometallurgical Gold Plant. It is focused on advancing Queensway to production and bringing the Hammerdown Operation into steady-state gold production.
Average Trading Volume: 872,210
Technical Sentiment Signal: Buy
Current Market Cap: C$1.41B
For an in-depth examination of NFG stock, go to TipRanks’ Overview page.