New Found Gold (TSE:NFG)
:NFG
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New Found Gold
(NFG)
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Rating:45Neutral
Price Target:
C$2.50
▼(-15.54% Downside)
Action:ReiteratedDate:03/27/26
The score is held down primarily by weak operating performance (losses and continued cash burn) and bearish technical momentum (below key moving averages with negative MACD). A low-debt balance sheet provides some support, but valuation signals are not compelling given the loss-making profile and lack of dividend.
Positive Factors
Low leverage
A very low debt profile reduces financial risk for an exploration company that lacks operating cash flow. Conservatively levered balance sheets give management flexibility to time capital markets activity, preserve optionality on projects, and avoid forced asset sales during downturns.
Negative Factors
Persistent cash burn
Ongoing negative operating and free cash flow indicate the business cannot self-fund exploration or overhead. Continued cash burn forces recurring capital raises, increasing dilution risk and making long-term project advancement dependent on external financing availability and market appetite.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt profile reduces financial risk for an exploration company that lacks operating cash flow. Conservatively levered balance sheets give management flexibility to time capital markets activity, preserve optionality on projects, and avoid forced asset sales during downturns.
Read all positive factors
New Found Gold (NFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$970.05M
Dividend YieldN/A
Average Volume (3M)629.04K
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue GrowthN/A
EPS Growth22.60%
CountryCA
Employees62
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding345,212,550
10 Day Avg. Volume421,181
30 Day Avg. Volume629,042
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$6.82Price Target Upside130.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$84.70M
New Found Gold Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
As an exploration-stage company, New Found Gold does not typically generate recurring operating revenue from selling products or services. Its primary source of funds is raising capital through financing activities—most commonly issuing equity (sh...
New Found Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.81M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -42.08M | -813.65K | -940.21K | -880.40K | -582.93K |
| EBITDA | -58.38M | -47.19M | -102.04M | -89.09M | -50.05M |
| Net Income | -47.57M | -50.27M | -79.89M | -109.63M | -57.27M |
Balance Sheet | |||||
| Total Assets | 536.13M | 74.02M | 84.58M | 110.69M | 148.06M |
| Cash, Cash Equivalents and Short-Term Investments | 67.73M | 23.10M | 57.48M | 89.64M | 132.43M |
| Total Debt | 1.14M | 123.10K | 157.80K | 150.23K | 100.85K |
| Total Liabilities | 117.03M | 7.45M | 19.08M | 27.21M | 25.40M |
| Stockholders Equity | 419.10M | 66.57M | 65.50M | 83.47M | 122.65M |
Cash Flow | |||||
| Free Cash Flow | -56.98M | -60.17M | -100.99M | -79.94M | -53.94M |
| Operating Cash Flow | -55.20M | -55.68M | -99.27M | -74.38M | -48.51M |
| Investing Cash Flow | 9.26M | -3.01M | -4.44M | -737.87K | -17.07M |
| Financing Cash Flow | 82.48M | 27.12M | 75.43M | 56.80M | 118.34M |
New Found Gold Technical Analysis
Neutral
2.96
Price Trends
3.20
Negative
3.62
Negative
3.14
Negative
Market Momentum
-0.07
Negative
52.28
Neutral
78.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NFG, the sentiment is Neutral. The current price of 2.96 is above the 20-day moving average (MA) of 2.68, below the 50-day MA of 3.20, and below the 200-day MA of 3.14, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 52.28 is Neutral, neither overbought nor oversold. The STOCH value of 78.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NFG.
New Found Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | C$2.69B | -157.23 | -3.51% | ― | ― | ― | |
58 Neutral | C$2.34B | -22.77 | -56.08% | ― | ― | -56.60% | |
54 Neutral | C$2.91B | -445.85 | -7.29% | ― | 112.44% | 1.33% | |
50 Neutral | C$1.82B | -6.94 | -48.77% | ― | 91.02% | 7.47% | |
45 Neutral | C$970.05M | -20.30 | -28.39% | ― | ― | 22.60% | |
45 Neutral | C$1.32B | 4.49 | -30.09% | ― | 678.03% | -21.09% |
* Basic Materials Sector Average
TSE:NFG
New Found Gold
2.66
1.13
73.86%
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TSE:CNL
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New Found Gold Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
New Found Gold Files 2025 Year-End Disclosure as It Advances Queensway and Hammerdown Projects
Positive
Mar 26, 2026
New Found Gold Corp. has filed its 2025 year-end financial statements, Management’s Discussion and Analysis, Annual Information Form, and related Form 40-F with Canadian and U.S. securities regulators. The disclosure package, which is access...
Business Operations and Strategy
New Found Gold’s Queensway Drilling Confirms High-Grade Near-Surface Gold
Positive
Mar 2, 2026
New Found Gold reported final results from its 2025 grade control drilling at the Keats and Iceberg zones on the Queensway project, confirming multiple at-surface high-grade gold intercepts over broad widths. The program, which covered tightly spa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.