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New Found Gold ( (TSE:NFG) ) has provided an announcement.
On December 1, 2025, New Found Gold Corp. announced promising initial results from its grade control drilling at the Keats zone within the Queensway Gold Project. The results revealed high-grade gold mineralization, with highlights including 219 g/t Au over 9.35 meters and 160 g/t Au over 10.30 meters. These findings are part of the company’s 2025 drill program aimed at validating resource models and supporting mine planning. The successful execution of the program over challenging topography underscores the potential for significant gold resources, enhancing the company’s market position and offering promising implications for stakeholders.
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. operates in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in the Queensway Gold Project in Newfoundland and Labrador, Canada, where it conducts extensive drilling programs to assess and expand its gold mineralization zones.
YTD Price Performance: 17.79%
Average Trading Volume: 874,547
Technical Sentiment Signal: Buy
Current Market Cap: C$1.12B
Learn more about NFG stock on TipRanks’ Stock Analysis page.