NFGC

New Found Gold
NFGC

$2.47

4.63%

Market Cap: $488M

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: 98

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

13% more funds holding

Funds holding: 39 [Q1] → 44 (+5) [Q2]

0.62% more ownership

Funds ownership: 3.43% [Q1] → 4.06% (+0.62%) [Q2]

8% less capital invested

Capital invested by funds: $23.9M [Q1] → $21.9M (-$2.03M) [Q2]

62% less call options, than puts

Call options by funds: $208K | Put options by funds: $543K

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Research analyst outlook

We haven’t received any recent analyst ratings for NFGC.

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Financial journalist opinion

Zacks Investment Research

New Found Gold Corp. (NFGC) Loses -23.16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

New Found Gold Corp. (NFGC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

New Found Gold Corp. (NFGC) Loses -23.16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Zacks Investment Research

All You Need to Know About New Found Gold Corp. (NFGC) Rating Upgrade to Buy

New Found Gold Corp. (NFGC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About New Found Gold Corp. (NFGC) Rating Upgrade to Buy

New Found Files Queensway Gold Project NI 43-101 Technical Report

VANCOUVER, British Colubmia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report for New Found's 100% owned Queensway Project, entitled “NI 43-101 Technical Report, New Found Gold Corp.'s Queensway Gold Project in Newfoundland and Labrador, Canada: 2024 Exploration Update”, with an effective date of.

New Found Files Queensway Gold Project NI 43-101 Technical Report

Zacks Investment Research

Is New Found Gold Corp. (NFGC) Stock Outpacing Its Basic Materials Peers This Year?

Here is how New Found Gold Corp. (NFGC) and Allegheny Technologies (ATI) have performed compared to their sector so far this year.

Is New Found Gold Corp. (NFGC) Stock Outpacing Its Basic Materials Peers This Year?

New Found Gold: Interesting Prospects And Low Share Price

New Found Gold Corp. receives a "Buy" rating: strong upside potential from exploration in Canada's Newfound province near Gander City, and gold is poised for a bull market. The correlation between New Found Gold and gold spot prices temporarily turned negative due to a lack of safe-haven demand in North America. But now things seem to have normalized. Gold as a safe haven in the North American markets is being boosted by the expected recession in the US, which theoretically also represents an upward catalyst for New Found.

New Found Gold: Interesting Prospects And Low Share Price

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

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 85 diamond drill holes that were completed as part of multiple drill programs designed to expand and follow up on high-grade gold mineralization across several discovery areas located on the east side of the highly prospective Appleton Fault Zone (“AFZ”) spanning a 3km corridor from Golden Joint to Everest. New Found's 100%-owned Qu.

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

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

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 51 diamond drill holes that were completed as part of a drill program designed to expand and further define domains of high-grade gold mineralization at the K2 Zone located 725m north of Lotto and 2.2km north of Keats West on the west side of the highly prospective Appleton Fault Zone (“AFZ”). New Found's 100%-owned Queensway projec.

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

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