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New Found Gold ( (TSE:NFG) ) has provided an update.
On September 15, 2025, New Found Gold Corp. announced significant changes to its board and management team, appointing Dr. Andrew Furey, former Premier of Newfoundland and Labrador, as an independent Director. The company also appointed Hashim Ahmed as Chief Financial Officer and Robert Assabgui as Chief Operating Officer, strengthening its leadership as it advances towards gold production. These appointments are expected to enhance the company’s strategic direction and operational capabilities, positioning it as a key player in the Canadian gold industry.
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 emerging Canadian gold producer that holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador. The company is well-financed and focuses on advancing its path to gold production, with a solid shareholder base including a significant holding by Eric Sprott.
YTD Price Performance: 1.78%
Average Trading Volume: 444,481
Technical Sentiment Signal: Hold
Current Market Cap: C$695M
See more data about NFG stock on TipRanks’ Stock Analysis page.