Should I buy or sell New Found Gold stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Found Gold in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NFGC shares. View NFGC analyst ratings or view top-rated stocks .

What is New Found Gold's stock price target for 2024?

2 Wall Street analysts have issued 1 year target prices for New Found Gold's shares. Their NFGC share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 144.6% from the stock's current price. View analysts price targets for NFGC or view top-rated stocks among Wall Street analysts .

How have NFGC shares performed in 2024?

New Found Gold's stock was trading at $3.50 at the start of the year. Since then, NFGC stock has increased by 5.1% and is now trading at $3.68. View the best growth stocks for 2024 here .

When is New Found Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our NFGC earnings forecast .

How were New Found Gold's earnings last quarter?

New Found Gold Corp. (NYSE:NFGC) released its quarterly earnings data on Thursday, March, 21st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.01.

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 .

NYSE:NFGC

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

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Free NFGC Stock Alerts

$3.68

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $3.65
▼
$3.74
50-Day Range: $3.05
▼
$3.96
52-Week Range: $3.02
▼
$5.27

Volume: 377,507 shs
Average Volume: 412,729 shs
Market Capitalization: $698.98 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Get New Found Gold alerts:

New Found Gold MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 144.6% Upside
$9.00 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.85
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.31) to ($0.33) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.27 out of 5 stars

Basic Materials Sector

148th out of 173 stocks

Gold & Silver Ores Industry

29th out of 37 stocks

3.5

Analyst's Opinion

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 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
New Found Gold has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NFGC.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NFGC.

3.8

News and Social Media Coverage

News Sentiment
New Found Gold has a news sentiment score of 0.85. 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 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for New Found Gold this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for NFGC on MarketBeat in the last 30 days.
MarketBeat Follows
9 people have added New Found Gold to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

0.0

Company Ownership

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.

0.0

Earnings and Valuation

Earnings Growth
Earnings for New Found Gold are expected to decrease in the coming year, from ($0.31) to ($0.33) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Found Gold is -11.15, 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 -11.15, 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 14.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About New Found Gold Stock (NYSE:NFGC)

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 94 mineral licenses and 6,649 claims covering an area of 166,225 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.

NFGC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NFGC Stock News Headlines

April 18, 2024 | americanbankingnews.com

New Found Gold (NYSE:NFGC) & Aris Mining (NYSE:ARMN) Financial Analysis

April 17, 2024 | finance.yahoo.com

New Found Intercepts 14.8 g/t Au Over 5m at Honeypot & 43.1 g/t Au Over 2m at Jackpot

April 20, 2024 | Paradigm Press (Ad)

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April 14, 2024 | americanbankingnews.com

New Found Gold (NYSE:NFGC) Shares Gap Up to $3.87

April 12, 2024 | americanbankingnews.com

Rare Element Resources (OTCMKTS:REEMF) versus New Found Gold (NYSE:NFGC) Critical Comparison

April 12, 2024 | americanbankingnews.com

FY2024 EPS Estimates for New Found Gold Corp. Boosted by Analyst (NYSE:NFGC)

April 10, 2024 | benzinga.com

New Found Gold Stock (AMEX:NFGC), Analyst Ratings, Price Targets, Predictions

April 10, 2024 | businesswire.com

New Found Intercepts 17.8 g/t Au Over 13.5m, 27.7 g/t Au Over 2.7m, 12.7 g/t Au Over 4.6m and 1.23 g/t Au Over 47.2m at K2 Zone

April 20, 2024 | Paradigm Press (Ad)

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April 3, 2024 | benzinga.com

Expert Says, Gold Co. Has Great Potential To Be Rerated

April 3, 2024 | finance.yahoo.com

New Found Reports Positive Phase 1 Metallurgical Test Results Demonstrating 90% to 96% Gold Extraction at Queensway

March 27, 2024 | juniorminingnetwork.com

New Found Gold Identifies Continuation of the Keats-Baseline Fault Zone With 187 g/t Au Over 2.55m at “Iceberg Alley”

March 21, 2024 | finance.yahoo.com

New Found Files 2023 Year-End Disclosure Documents

March 13, 2024 | finance.yahoo.com

New Found Intercepts 36 g/t Au Over 16.7m, 34 g/t Au Over 14.7m, 43 g/t Au Over 7.35m & 41 g/t Au Over 5.85m at Iceberg

March 13, 2024 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND INTERCEPTS AT ICEBERG-ICEBERG EAST ZONE AT QUEENSWAY PROJECT

March 9, 2024 | finance.yahoo.com

NFGC Jul 2024 7.500 call

March 7, 2024 | finance.yahoo.com

NFGC Oct 2024 5.000 put

March 4, 2024 | juniorminingnetwork.com

New Found Gold Receives Initial 3-D Seismic Interpretation, Initiates Deep Drilling at Queensway

March 2, 2024 | morningstar.com

New Found Makes New Discovery With 35 g/t Au Over 17m Including 1,910 g/t Au Over 0.3m at “Vegas Zone”

February 29, 2024 | juniorminingnetwork.com

New Found Gold Makes New Discovery With 35 g/t Au Over 17m Including 1,910 g/t Au Over 0.3m at “Vegas Zone”

February 29, 2024 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND DISCOVERY AT "VEGAS ZONE" AT QUEENSWAY PROJECT

February 26, 2024 | msn.com

From gold records to gold coins. George Michael is now honored with a commemorative minting

February 15, 2024 | uk.finance.yahoo.com

New Found Intercepts 7.56 g/t Au Over 13.4m & 15.4 g/t Au Over 5.0m, Extends the Near-surface High-grade Segment of Iceberg-Iceberg East to 655m

February 14, 2024 | msn.com

DRDGOLD declares an interim dividend of R$ 0.20

January 31, 2024 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND INTERCEPTS AT K2 ZONE AT QUEENSWAY PROJECT

January 28, 2024 | msn.com

UK loans looted gold and silver artifacts back to Ghana

January 10, 2024 | finance.yahoo.com

New Found Makes First New High-Grade Discovery of 2024, Intercepts 26 g/t Au Over 7.65m & 23 g/t Au Over 5.25m at the "Honeypot Zone"

See More Headlines

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Company Calendar

Last Earnings: 3/21/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/15/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Gold & silver ores
Sub-Industry: N/A
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: +144.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.33)
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: -135.56%
Return on Assets: -105.99%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.28
Quick Ratio: 3.28

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.26 per share
Price / Book: 14.15

Miscellaneous

Outstanding Shares: 189,940,000
Free Float: N/A
Market Cap: $698.98 million
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Collin Kettell (Age 33)
Founder, Executive Chairman & CEO
Comp: $397.58k
Mr. Denis Roland Laviolette B.Sc (Age 39)
B.Sc., Founder, President & Director
Comp: $278.31k
Mr. Michael Kanevsky C.A. (Age 42)
CPA, Chief Financial Officer
Comp: $119.27k
Mr. Greg Matheson B.Sc. (Age 38)
P. Geo, P.Geo., Chief Operating Officer
Comp: $258.43k
Mr. Ronald Hampton
Chief Development Officer
Ms. Melissa Render P.Geo.
Vice President of Exploration
Ms. Janet Francis (Age 55)
Corporate Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NFGC Stock Analysis - Frequently Asked Questions

Should I buy or sell New Found Gold stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Found Gold in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NFGC shares.
View NFGC analyst ratings or view top-rated stocks.
What is New Found Gold's stock price target for 2024?: 2 Wall Street analysts have issued 1 year target prices for New Found Gold's shares. Their NFGC share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 144.6% from the stock's current price.
View analysts price targets for NFGC or view top-rated stocks among Wall Street analysts.
How have NFGC shares performed in 2024?: New Found Gold's stock was trading at $3.50 at the start of the year. Since then, NFGC stock has increased by 5.1% and is now trading at $3.68.
View the best growth stocks for 2024 here.
When is New Found Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our NFGC earnings forecast.

How were New Found Gold's earnings last quarter?: New Found Gold Corp. (NYSE:NFGC) released its quarterly earnings data on Thursday, March, 21st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.01.
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.

This page (NYSE:NFGC) was last updated on 4/20/2024 by MarketBeat.com Staff

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

New Found Gold MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About New Found Gold Stock (NYSE:NFGC)

NFGC Stock Price History

NFGC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NFGC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™