New Found Gold Corp.

TSXV:NFG Stock Report

Market Cap: CA$453.5m

New Found Gold Valuation

Is NFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NFG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NFG's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NFG?

Key metric: As NFG is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NFG. This is calculated by dividing NFG's market cap by their current book value.
What is NFG's PB Ratio?
PB Ratio5.8x
BookCA$78.91m
Market CapCA$453.51m

Price to Book Ratio vs Peers

How does NFG's PB Ratio compare to its peers?

The above table shows the PB ratio for NFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.3x
GAU Galiano Gold
1.5x89.3%CA$508.7m
AMRQ Amaroq Minerals
4.3x81.6%CA$493.6m
GTWO G2 Goldfields
4.9x-11.8%CA$492.8m
FVL Freegold Ventures
2.7xn/aCA$396.7m
NFG New Found Gold
5.8x-11.2%CA$453.5m

Price-To-Book vs Peers: NFG is expensive based on its Price-To-Book Ratio (5.8x) compared to the peer average (3.8x).

Price to Book Ratio vs Industry

How does NFG's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

87 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$51.20m
WM Wallbridge Mining
0.2xn/aUS$43.65m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$26.07m
NFG 5.8xIndustry Avg. 1.4xNo. of Companies159PB01.22.43.64.86+
87 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: NFG is expensive based on its Price-To-Book Ratio (5.8x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is NFG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NFG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NFG's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NFG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.30
CA$9.00
+291.3%
11.1%CA$10.00CA$8.00n/a2
Nov ’25CA$3.10
CA$9.00
+190.3%
11.1%CA$10.00CA$8.00n/a2
Oct ’25CA$3.56
CA$9.00
+152.8%
11.1%CA$10.00CA$8.00n/a2
Sep ’25CA$3.59
CA$9.00
+150.7%
11.1%CA$10.00CA$8.00n/a2
Aug ’25CA$3.65
CA$9.00
+146.6%
11.1%CA$10.00CA$8.00n/a2
Jul ’25CA$3.86
CA$9.00
+133.2%
11.1%CA$10.00CA$8.00n/a2
Jun ’25CA$4.73
CA$10.10
+113.5%
17.4%CA$12.30CA$8.00n/a3
May ’25CA$4.93
CA$9.58
+94.2%
18.5%CA$12.30CA$8.00n/a4
Apr ’25CA$5.01
CA$9.64
+92.4%
17.8%CA$12.30CA$8.00n/a4
Mar ’25CA$4.33
CA$9.70
+124.0%
17.1%CA$12.30CA$8.25n/a4
Feb ’25CA$4.57
CA$9.70
+112.3%
17.1%CA$12.30CA$8.25n/a4
Jan ’25CA$4.67
CA$9.76
+109.0%
16.5%CA$12.30CA$8.25n/a4
Dec ’24CA$5.15
CA$9.76
+89.6%
16.5%CA$12.30CA$8.25n/a4
Nov ’24CA$5.13
CA$10.43
+103.4%
13.2%CA$12.30CA$9.00CA$3.103
Oct ’24CA$5.60
CA$10.43
+86.3%
13.2%CA$12.30CA$9.00CA$3.563
Sep ’24CA$5.94
CA$10.43
+75.6%
13.2%CA$12.30CA$9.00CA$3.593
Aug ’24CA$6.00
CA$10.43
+73.9%
13.2%CA$12.30CA$9.00CA$3.653
Jul ’24CA$6.59
CA$10.43
+58.3%
13.2%CA$12.30CA$9.00CA$3.863
Jun ’24CA$6.05
CA$10.35
+71.1%
14.2%CA$12.30CA$8.75CA$4.733
May ’24CA$6.16
CA$10.35
+68.0%
14.2%CA$12.30CA$8.75CA$4.933
Apr ’24CA$6.68
CA$10.18
+52.4%
16.3%CA$12.30CA$8.25CA$5.013
Mar ’24CA$5.23
CA$11.15
+113.2%
10.3%CA$12.30CA$10.00CA$4.332

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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