New Found Gold Corp. (TSE:NFG)
XASE:NFG
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NFG Stock Chart & Stats
C$2.96
C$0.07(2.72%)
At close: 4:00 PM EST
C$2.96
C$0.07(2.72%)
Day’s Range― - ―
52-Week RangeC$1.66 - C$4.89
Previous CloseN/A
Volume119.84K
Average Volume (3M)581.11K
Market Cap
C$963.14M
Enterprise ValueC$601.17M
Total Cash (Recent Filing)C$43.44M
Total Debt (Recent Filing)C$1.69M
Price to Earnings (P/E)―
Beta2.25
Next Earnings
Aug 17, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.24
Shares Outstanding345,212,550
10 Day Avg. Volume643,696
30 Day Avg. Volume581,106
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)2.27
Price to Sales (P/S)164.05
P/FCF Ratio-16.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.94Price Target Upside100.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.08
Revenue Forecast (FY)C$63.34M
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetExtremely low debt provides durable financial flexibility for a capital-intensive explorer. With near-zero leverage the company can finance sustained drilling and studies without immediate debt servicing pressure, reducing insolvency risk across commodity cycles.
Sizable Equity Base / Financial FlexibilityA large equity base relative to liabilities gives the company capacity to raise capital and absorb exploration losses over multiple programs. This structural cushion supports multi-year drilling campaigns and strategic optioning or JV negotiations without immediate balance sheet strain.
Focused Asset Strategy (Queensway Project)A concentrated pipeline around the Queensway Project concentrates management expertise, technical data and permitting efforts, improving the odds of a scalable discovery. Clear monetization pathways (sale, JV, development, royalties) make successful resource definition structurally valuable over the medium term.
Bears Say
Persistent Negative Cash FlowSustained and growing negative cash flow means the company must repeatedly access external financing to fund exploration. This structural cash burn increases financing risk, shortens unassisted runway, and raises the probability of dilutive financings during multi-year resource campaigns.
Deep UnprofitabilityLarge operating and net losses indicate the business remains in an investment phase without scalable operating margins. Persistent negative profitability undermines the company's ability to self-fund development and increases reliance on capital markets regardless of exploration results.
Reliance On Equity FinancingDependence on issuing equity to fund operations is structurally dilutive and sensitive to market appetite. Repeated financings can erode shareholder value and leave project timelines exposed to investor sentiment and capital market cycles over the medium term.
New Found Gold News
NFG FAQ
What was New Found Gold Corp.’s price range in the past 12 months?
New Found Gold Corp. lowest stock price was C$1.66 and its highest was C$4.89 in the past 12 months.
What is New Found Gold Corp.’s market cap?
New Found Gold Corp.’s market cap is C$963.14M.
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 88 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 -C$0.08 earnings per share for the quarter, missing the consensus estimate of -C$0.045 by -C$0.035.
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 -0.04.
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 -C$0.08 in its last earnings report, missing expectations of -C$0.045. Following the earnings report the stock price went up 1.672%.
Which hedge fund is a major shareholder of New Found Gold Corp.?
Currently, no hedge funds are holding shares in TSE:NFG
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:
C$5.94 (100.52% Upside)
C$5.94 (100.52% Upside)
Blogger Sentiment
Bullish
TSE:NFG Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth C$20.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
45.80%
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, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. 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.
NFG Stock 12 Month Forecast
Average Price Target
C$5.94
▲(100.52% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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