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An announcement from New Found Gold ( (TSE:NFG) ) is now available.
On August 27, 2025, New Found Gold Corp. announced the closing of a $20 million non-brokered private placement investment by Eric Sprott, increasing his ownership to 23.1% of the company’s common shares. The proceeds will be used to advance the Queensway Gold Project and for general corporate purposes, positioning the company for future growth and production. This investment underscores confidence in the company’s strategy and leadership, as well as the potential of the Queensway project.
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 an advanced-stage exploration company based in Vancouver, Canada, with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador. The company focuses on gold exploration and has completed an initial Mineral Resource Estimate and Preliminary Economic Assessment at Queensway. It is supported by a strong shareholder base, including a significant holding by Eric Sprott.
Average Trading Volume: 399,102
Technical Sentiment Signal: Hold
Current Market Cap: C$533M
See more data about NFG stock on TipRanks’ Stock Analysis page.