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New Found Gold ( (TSE:NFG) ) has issued an announcement.
New Found Gold Corp. announced significant drill results from its 2025 drill program at the Queensway Gold Project, highlighting high-grade gold mineralization in the Dome zone and successful infill drilling at the Lotto and Lotto North zones. These results indicate potential resource expansion and conversion of inferred mineral resources to the indicated category, which could impact the company’s future resource updates and mining plans.
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 Corp. is a mineral exploration company focused on discovering and developing high-grade gold deposits. The company operates primarily in the mining industry, with its flagship project being the Queensway Gold Project located in Newfoundland and Labrador, Canada.
Average Trading Volume: 604,273
Technical Sentiment Signal: Buy
Current Market Cap: C$836M
For an in-depth examination of NFG stock, go to TipRanks’ Overview page.