New Found Gold (NFGC) and Its Competitors Critical Survey

New Found Gold (NYSE:NFGCGet Rating) is one of 105 publicly-traded companies in the “Gold & silver ores” industry, but how does it weigh in compared to its competitors? We will compare New Found Gold to related companies based on the strength of its dividends, profitability, analyst recommendations, risk, earnings, institutional ownership and valuation.

Profitability

This table compares New Found Gold and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
New Found Gold N/A -80.17% -66.34%
New Found Gold Competitors -130.32% 0.38% 0.17%

Analyst Recommendations

This is a breakdown of recent ratings for New Found Gold and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
New Found Gold 0 0 1 0 3.00
New Found Gold Competitors 549 2933 3716 78 2.46

New Found Gold presently has a consensus price target of 10.00, indicating a potential upside of 165.96%. As a group, “Gold & silver ores” companies have a potential upside of 72.64%. Given New Found Gold’s stronger consensus rating and higher probable upside, equities research analysts plainly believe New Found Gold is more favorable than its competitors.

Insider & Institutional Ownership

22.2% of New Found Gold shares are held by institutional investors. Comparatively, 29.5% of shares of all “Gold & silver ores” companies are held by institutional investors. 8.0% of shares of all “Gold & silver ores” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares New Found Gold and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
New Found Gold N/A -$40.41 million -7.83
New Found Gold Competitors $1.52 billion $110.47 million -3.08

New Found Gold’s competitors have higher revenue and earnings than New Found Gold. New Found Gold is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

New Found Gold competitors beat New Found Gold on 8 of the 12 factors compared.

About New Found Gold

(Get Rating)

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.

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