NFGC
New Found GoldNFGC
NFGC
About: New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
Employees: 62
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
12% more funds holding
Funds holding: 43 [Q3] → 48 (+5) [Q4]
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
0.08% less ownership
Funds ownership: 4.92% [Q3] → 4.83% (-0.08%) [Q4]
29% less capital invested
Capital invested by funds: $24.6M [Q3] → $17.4M (-$7.22M) [Q4]
85% less call options, than puts
Call options by funds: $25K | Put options by funds: $169K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$5
324%
upside
Avg. target
$5
324%
upside
High target
$5
324%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Mike Niehuser 43% 1-year accuracy 9 / 21 met price target | 324%upside $5 | Buy Maintained | 10 Mar 2025 |
Financial journalist opinion
Based on 5 articles about NFGC published over the past 30 days
Neutral
PRNewsWire
3 days ago
New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report
VANCOUVER, BC , April 15, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased provide an overview of, and plans for, the Queensway Gold Project ("Queensway" or the "Project") and has filed the technical report for the initial mineral resource estimate ("MRE") for the Project (the "Technical Report"). Queensway Highlights: Tier 1 Jurisdiction: Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce Initial Mineral Resource Estimate: 70% of the initial MRE ounces are in the indicated category 18.0 Mt1 grading 2.40 g/t Au2, for 1.39 Moz3 (indicated) 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz (inferred) High-Grade Veins Exposed at Surface: 73% of the ounces are contained in 24% of the tonnage (indicated) within the Mineral Resource pit shells The opportunity for high-grade starter pits is being investigated as part of the preliminary economic assessment ("PEA") currently underway and scheduled for release in late Q2/25 Planning to commence bulk sampling H1/26 Versatile Deposit: The Mineral Resources are defined within a series of open pits, which creates flexibility with respect to mine planning, grade sequencing and tailings deposition strategies The potential to leverage in-pit tailings storage is being investigated as part of the PEA Project Growth: Infill: the initial MRE has potential for expansion between and within the initial MRE pit shells Expansion: recently announced high-grade gold intersections beyond the initial MRE footprint demonstrates that gold mineralization remains open for expansion both along strike and at depth; past drilling focussed within 200 m of surface in a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization Keith Boyle, CEO of New Found Gold commented: "New Found Gold has begun a new chapter, with an initial mineral resource completed in Q1/25 and a preliminary economic assessment scheduled for completion in late Q2/25.
Positive
Seeking Alpha
5 days ago
New Found Gold: Buying Underground Gold For Pennies On The Dollar
New Found Gold Corp revealed a strong MRE report which sent the stock down over 30%, creating a buying opportunity. The Queensway project has arguably high economic viability and feasibility due to an attractive location and soaring gold prices. I view NFGC as a cheap call option for speculators and risk-tolerant investors to get exposure to gold.
Neutral
PRNewsWire
5 days ago
New Found Gold Corp. Adds US$2M to Treasury: Sale of Third Party Secured Notes
VANCOUVER, BC , April 14, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the sale of non-convertible senior secured notes of Maritime Resources Corp. ("Maritime"; the "Notes") held by the Company for gross proceeds of US$2,000,000 (approximately CAD$2,778,000). Keith Boyle, CEO of New Found Gold, commented "We have recently announced the completion of a robust initial mineral resource estimate on our 100% owned Queensway Gold Project ("Queensway").
Neutral
PRNewsWire
3 weeks ago
New Found Gold Corp. Announces Initial Mineral Resource Estimate
Highlights: Indicated Mineral Resource: 18.0 million tonnes (Mt) grading 2.40 g/t Au1, for 1.39 million ounces (Moz). Inferred Mineral Resource: 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz.
Neutral
PRNewsWire
4 weeks ago
New Found Gold Corp. Files 2024 Year-End Disclosure Documents
VANCOUVER, BC , March 21, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) announces that it has filed its annual financial statements for the year ended December 31, 2024, the related Management's Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2024 (together, the "2024 Annual Documents"), with Canadian securities regulators and with the U.S. Securities Exchange Commission (the "SEC") on Form 40-F, which includes the 2024 Annual Documents as appendices. The 2024 Annual Documents are available under the Company's profile on SEDAR+ at www.sedarplus.ca and the Form 40-F is available under the EDGAR system of the SEC (www.sec.gov).
Neutral
PRNewsWire
1 month ago
NEW FOUND GOLD STRENGTHENS BOARD OF DIRECTORS
VANCOUVER, BC , March 3, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Chad Williams to its board of directors (the "Board"). Effective immediately, Mr.
Neutral
PRNewsWire
1 month ago
NEW FOUND GOLD EXPANDS HIGH-GRADE AT DOME AND GOLDEN DOME: 51.2 G/T AU OVER 13.3M & 148 G/T AU OVER 4.1M
VANCOUVER, BC , Feb. 24, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project ("Queensway") in Newfoundland and Labrador, Canada. Highlights include: Golden Dome Zone ("Golden Dome"): 148 g/t Au over 4.10m 1 and 41.3 g/t Au over 2.40m (NFGC-24-2188); and 22.4 g/t Au over 2.00m (NFGC-24-2199).
Neutral
PRNewsWire
1 month ago
NEW FOUND GOLD TO PARTICIPATE IN THE 34th ANNUAL BMO GLOBAL METALS, MINING AND CRITICAL METALS CONFERENCE, PDAC 2025 AND THE 37th ANNUAL ROTH CONFERENCE
VANCOUVER, BC , Feb. 21, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the Company will be participating in several conferences over the next month, beginning with the BMO Global Metals, Mining and Critical Metals Conference ("BMO Conference"). The focus for New Found will be the Company's 100% owned Queensway Gold Project ("Queensway") located in Newfoundland and Labrador, Canada.
Neutral
PRNewsWire
1 month ago
NEW FOUND GOLD CONTINUES TO STRENGTHEN MANAGEMENT TEAM
VANCOUVER, BC , Feb. 18, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Dr. Fiona Childe (Ph.D., P.Geo.) as Vice President, Communications and Corporate Development, Dr. Jared Saunders (Ph.D.
Neutral
PRNewsWire
2 months ago
NEW FOUND GOLD INTERCEPTS 89.5 G/T AU OVER 5.85M & 26.2 G/T AU OVER 16.2M AT DROPKICK ZONE AT KINGSWAY & PROVIDES PROJECT UPDATE
VANCOUVER, BC , Feb. 11, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the results from five diamond drill holes completed as part of a step-out program at the Dropkick Zone. Dropkick is located at the recently acquired Kingsway property ("Kingsway") that now forms the most northern extent of the Queensway Project and is on trend with numerous discoveries made further south along the Appleton Fault Zone ("AFZ").
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