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New Found Gold ( (TSE:NFG) ) just unveiled an announcement.
On December 11, 2025, New Found Gold Corp. announced results from its infill drilling at the Monte Carlo zone within the Queensway Gold Project. The results reveal significant gold mineralization with several high-grade intercepts, confirming the continuity of mineralization and suggesting potential for resource upgrades. The findings will be integrated into an updated mineral resource estimate planned for the first half of 2026, potentially enhancing the project’s economic viability and attractiveness to 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. is a mineral exploration company focused on discovering and developing gold resources. The company primarily operates the Queensway Gold Project in Newfoundland and Labrador, Canada, where it engages in extensive drilling programs to explore and define gold mineralization.
Average Trading Volume: 876,550
Technical Sentiment Signal: Buy
Current Market Cap: C$1.3B
Find detailed analytics on NFG stock on TipRanks’ Stock Analysis page.