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The latest announcement is out from New Found Gold ( (TSE:NFG) ).
On September 4, 2025, New Found Gold Corp. entered into a definitive agreement to acquire all issued and outstanding common shares of Maritime Resources Corp. through a court-approved plan of arrangement. This transaction, which requires approval from Maritime’s shareholders and other customary conditions, will result in Maritime shareholders owning approximately 31% of New Found Gold. The acquisition is expected to close in the fourth quarter of 2025, with Maritime shares being delisted from the TSX Venture Exchange post-transaction. Maritime’s board has unanimously approved the transaction, and key shareholders representing 49% of Maritime’s shares have agreed to vote in favor of it.
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 properties. The company is based in Vancouver, British Columbia, and is involved in acquiring and developing mineral properties with a primary focus on gold exploration.
Average Trading Volume: 454,265
Technical Sentiment Signal: Hold
Current Market Cap: C$687.7M
Find detailed analytics on NFG stock on TipRanks’ Stock Analysis page.