New Found Gold (NFGC) Stock Price, News & Analysis

Company Overview

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, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland. 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.

Key Stats

• Today's Range: $1.85 to $1.92
• 50-Day Range: $1.86 to $2.82
• 52-Week Range: $1.83 to $4.15
• Volume: 495,348 shs
• Average Volume: 605,267 shs
• Market Capitalization: $369.97 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

New Found Gold Stock Analysis - MarketRank™

New Found Gold scored higher than 33% of companies evaluated by MarketBeat, and ranked 161st out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

New Found Gold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

New Found Gold has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for New Found Gold are expected to remain at ($0.28) per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Found Gold is -8.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Found Gold is -8.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

New Found Gold has a P/B Ratio of 6.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NFGC.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

New Found Gold does not currently pay a dividend.

Dividend Growth

New Found Gold does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NFGC.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.50

News Sentiment

New Found Gold has a news sentiment score of 1.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for New Found Gold this week, compared to 1 article on an average week.

MarketBeat Follows

Only 2 people have added New Found Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -78% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, New Found Gold insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 3.43% of the stock of New Found Gold is held by institutions.

NFGC Stock Analysis - Frequently Asked Questions

How have NFGC shares performed this year?

New Found Gold's stock was trading at $3.50 on January 1st, 2024. Since then, NFGC shares have decreased by 46.9% and is now trading at $1.86.
View the best growth stocks for 2024 here.

Who are New Found Gold's major shareholders?

New Found Gold's top institutional investors include Van ECK Associates Corp (2.75%), HM Payson & Co. (0.05%), Integrated Advisors Network LLC (0.03%) and Jane Street Group LLC (0.02%).

How do I buy shares of New Found Gold?

Shares of NFGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of New Found Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Found Gold investors own include Arista Networks (ANET), PayPal (PYPL), NextEra Energy Partners (NEP), Enterprise Products Partners (EPD), Innovative Industrial Properties (IIPR), Tesla (TSLA) and Palantir Technologies (PLTR).

Company Calendar

• Today: 11/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:NFGC
• CUSIP: N/A
• CIK: 1840616
• Web: newfoundgold.ca
• Phone: 604-562-9664
• Fax: N/A
• Employees: 98
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +383.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-59,180,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -82.80%
• Return on Assets: -68.88%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.36
• Quick Ratio: 5.07

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.29 per share
• Price / Book: 6.41

Miscellaneous

• Outstanding Shares: 198,910,000
• Free Float: N/A
• Market Cap: $369.97 million
• Optionable: Optionable
• Beta: 1.12