New Found Gold Corp. (NFGC)
XASE:NFGC
NFGC Stock Chart & Stats
$2.16
>-$0.01(>-0.01%)
At close: 4:00 PM EST
$2.16
>-$0.01(>-0.01%)
Day’s Range― - ―
52-Week Range$1.34 - $3.59
Previous CloseN/A
Volume110.44K
Average Volume (3M)1.69M
Market Cap
$522.69M
Enterprise Value$527.80M
Total Cash (Recent Filing)$43.44M
Total Debt (Recent Filing)$1.69M
Price to Earnings (P/E)―
Beta1.55
Next Earnings
Aug 17, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.24
Shares Outstanding345,212,550
10 Day Avg. Volume2,539,836
30 Day Avg. Volume1,689,136
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)2.27
Price to Sales (P/S)164.05
P/FCF Ratio-16.72
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue33.63
Enterprise Value/Gross Profit-20.76
Enterprise Value/Ebitda-8.62
Forecast
1Y Price Target
$4.26Price Target Upside97.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$39.12M
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetExtremely low debt and a sizable equity base provide durable financial flexibility for a capital-intensive explorer. This reduces bankruptcy and interest-cost risk, enables funding exploration programs or joint ventures without immediate refinancing pressure, and lengthens runway versus highly levered peers.
Exploration Upside / Asset FocusA clear, asset-centric business model centered on the Queensway Project concentrates management attention and capital on a high-potential gold district. Structural upside from successful delineation or discovery can be realized via JV, sale, royalties, or development, offering scalable long-term value if exploration converts to resources.
Early Revenue GrowthThe emergence of measurable revenue (TTM ~15.7M) signals progressing asset commercialization or third-party funding activity. For an explorer, growing revenue can help partly offset burn, diversify funding sources, and indicate tangible project advancement that supports longer-term development options and partner interest.
Bears Say
High Cash Burn / Negative Cash FlowPersistently large negative operating and free cash flows create a durable funding requirement. Continued high burn compels frequent external financing, raises dilution risk for shareholders, and constrains the company's ability to pace exploration or commit to longer-term development without partners or fresh capital.
Deep Unprofitability / Negative MarginsLarge operating and net losses reflect an absence of sustainable margins and negative returns on equity. This structural lack of profitability means the business currently destroys cash as it grows, and absent a clear path to positive margins or scaled production, losses will continue to pressure capital needs and investor returns.
Reliance On External FinancingAs an exploration-stage issuer, the company structurally depends on capital markets and equity issuance to fund operations. That reliance creates dilution risk, ties project pace to market access, and makes long-term plans vulnerable to funding cycles and investor sentiment, limiting independent strategic flexibility.
New Found Gold News
NFGC FAQ
What was New Found Gold Corp.’s price range in the past 12 months?
New Found Gold Corp. lowest stock price was $1.34 and its highest was $3.59 in the past 12 months.
What is New Found Gold Corp.’s market cap?
New Found Gold Corp.’s market cap is $522.69M.
When is New Found Gold Corp.’s upcoming earnings report date?
New Found Gold Corp.’s upcoming earnings report date is Aug 17, 2026 which is in 52 days.
How were New Found Gold Corp.’s earnings last quarter?
New Found Gold Corp. released its earnings results on May 12, 2026. The company reported -$0.056 earnings per share for the quarter, missing the consensus estimate of -$0.032 by -$0.025.
Is New Found Gold Corp. overvalued?
According to Wall Street analysts New Found Gold Corp.’s price is currently Undervalued.
Does New Found Gold Corp. pay dividends?
New Found Gold Corp. does not currently pay dividends.
What is New Found Gold Corp.’s EPS estimate?
New Found Gold Corp.’s EPS estimate is -0.03.
How many shares outstanding does New Found Gold Corp. have?
New Found Gold Corp. has 345,212,550 shares outstanding.
What happened to New Found Gold Corp.’s price movement after its last earnings report?
New Found Gold Corp. reported an EPS of -$0.056 in its last earnings report, missing expectations of -$0.032. Following the earnings report the stock price went up 4.167%.
Which hedge fund is a major shareholder of New Found Gold Corp.?
Currently, no hedge funds are holding shares in NFGC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
New Found Gold Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$4.26 (97.04% Upside)
$4.26 (97.04% Upside)
Blogger Sentiment
Bullish
NFGC Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth $14.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
0.00%
12-Months-Change
Fundamentals
Return on Equity
-22.69%
Trailing 12-Months
Asset Growth
770.92%
Trailing 12-Months
Company Description
New Found Gold Corp.
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located near Gander, Newfoundland; the Kingsway project located in Gander, Newfoundland; and the Mustang Property consisting of 3 mineral licenses. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
NFGC Stock 12 Month Forecast
Average Price Target
$4.26
▲(97.04% Upside)
Technical Analysis
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Ownership Overview
47.09% Insiders
0.78% Mutual Funds
5.02% Other Institutional Investors
44.69% Public Companies and
Individual Investors