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

NFGC Stock Overview

NFGC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

New Found Gold Corp. Competitors

DRDGOLD

NYSE:DRD

US$684.0m

McEwen Mining

NYSE:MUX

US$597.4m

Polymetal International

OTCPK:AUCO.Y

US$899.9m

Gold Reserve

OTCPK:GDRZ.F

US$326.9m

Price History & Performance

Summary of all time highs, changes and price drops for New Found Gold
Historical stock prices
Current Share Price	CA$3.59
52 Week High	CA$5.27
52 Week Low	CA$3.02
Beta	0.55
1 Month Change	-9.80%
3 Month Change	10.46%
1 Year Change	-25.67%
3 Year Change	-53.33%
5 Year Change	n/a
Change since IPO	112.31%

Recent updates

Shareholder Returns

	NFGC	US Metals and Mining	US Market
7D	0.8%	0.9%	3.3%
1Y	-25.7%	21.9%	25.0%

Return vs Industry: NFGC underperformed the US Metals and Mining industry which returned 20.8% over the past year.

Return vs Market: NFGC underperformed the US Market which returned 25.8% over the past year.

Price Volatility

Is NFGC's price volatile compared to industry and market?
NFGC volatility
NFGC Average Weekly Movement	5.9%
Metals and Mining Industry Average Movement	8.3%
Market Average Movement	6.1%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.0%

Stable Share Price: NFGC has not had significant price volatility in the past 3 months.

Volatility Over Time: NFGC's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	98	Coll Kettell	newfoundgold.ca

New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland.

New Found Gold Corp. Fundamentals Summary

How do New Found Gold's earnings and revenue compare to its market cap?
NFGC fundamental statistics
Market cap	US$688.04m
Earnings (TTM)	-US$58.18m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.7x

P/E Ratio

Is NFGC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NFGC income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$79.89m
Earnings	-CA$79.89m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.42
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did NFGC perform over the long term?

See historical performance and comparison

NFGC Stock Overview

Rewards

Risk Analysis

New Found Gold Corp. Competitors

NYSE:DRD

US$684.0m

NYSE:MUX

US$597.4m

OTCPK:AUCO.Y

US$899.9m

OTCPK:GDRZ.F

US$326.9m

Price History & Performance

Recent News & Updates

New Found Intercepts 14.8 g/t Au over 5m At Honeypot & 43.1 g/t Au over 2m At Jackpot

New Found Gold Corp. Intercepts 17.8 G/T Au Over 13.5m, 27.7 G/T Au Over 4.6m and 1.23 G/T Au Over47.2m at K2 Zone

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

New Found Gold Corp. Identifies Continuation of the Keats-Baseline Fault Zone with 187 g/t Au over 2.55M At “Iceberg Alley”

New major risk - Revenue and earnings growth

New Found Gold Corp. Announces Results from 61 Diamond Drill Holes At Iceberg-Iceberg East, A High-Grade Zone Located 300M Northeast of Keats Along the Highly Prospective Appleton Fault Zone

Recent updates

New Found Intercepts 14.8 g/t Au over 5m At Honeypot & 43.1 g/t Au over 2m At Jackpot

New Found Gold Corp. Intercepts 17.8 G/T Au Over 13.5m, 27.7 G/T Au Over 4.6m and 1.23 G/T Au Over47.2m at K2 Zone

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

New Found Gold Corp. Identifies Continuation of the Keats-Baseline Fault Zone with 187 g/t Au over 2.55M At “Iceberg Alley”

New major risk - Revenue and earnings growth

New Found Gold Corp. Announces Results from 61 Diamond Drill Holes At Iceberg-Iceberg East, A High-Grade Zone Located 300M Northeast of Keats Along the Highly Prospective Appleton Fault Zone

New Found Gold Corp. Announces Receipt of the Final Dataset and Preliminary Interpretation of Its 3-D and 2-D Seismic Program Completed in Late 2023

New Found Gold Corp. Announces Results from 97 Diamond Drill Holes

New Found Gold Corp. Intercepts 3.2 g/t Au Over 43.8m and 10.3 g/t Au Over 13m at Keats West & Defines a New Gold Domain at Cokes Zone

New Found Gold Corp. Announces New Found Intercepts 27.5 g/t Au Over 7m & 8.69 g/t Au Over 12m at K2, Extends High-grade to Surface

New Found Gold Corp. Announces 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”

New Found Increases Queensway Drill Program to 650,000 Metres, Seismic Interpretation to Guide 2024 Targeting

New Found Gold Corp. Announces the Results from 16 Diamond Drill Holes That Were Completed as Part of A Drill Program Designed to Test the Keats West Zone, A Low-Angle Thrust Fault That Dips Gently to the South-Southwest and Is Located on the West Side of the Highly Prospective Appleton Fault Zone

New Found Gold Corp. Intercepts Significant High-Grade Intervals At K2, Expands Mineralized Footprint of Zone to 490M X 395M

New Found Gold Corp. Completes Keats Trench Excavation and Phase 1 Mapping Program, Exposes High-Grade East-West Vein

New Found Gold Corp. has completed a Follow-on Equity Offering in the amount of CAD 56.00625 million.

New Found Gold Corp Announces the Results from 23 Diamond Drill Holes

New Found Gold Corp. Announces Results from 37 Diamond Drill Holes Completed as Part of A Drill Program Designed to Expand the High-Grade Gold Mineralization At the Golden Joint Zone to Surface

New Found Gold Corp. Announces the Results from 30 Diamond Drill Holes That Were Completed as Part of A Drill Program Designed to Test the Newly Discovered Jackpot Zone

New Found Gold Corp. Announces the Results from 46 Diamond Drill Holes

New Found Gold Corp. Intercepts 17.1 g/t Au Over 11.35m & 1.82 g/t Au, Further Defines High-Grade Domain at Keats West

New Found Gold Corp. Intercepts 17.1 g/t Au Over 11.35m & 1.82 g/t Au, Further Defines High-Grade Domain at Keats West

New Found Intercepts 3.29 G/T Au over 42.4m, Further Defines 30m+ Thick Gold Zone At Keats West

New Found Gold Corp. Intercepts 17.8 G/T Au over 8.3M At 421 Zone, Drills Mineralization 2.7Km South of Keats At Grouse Zone

New Found Gold Corp., Annual General Meeting, Dec 07, 2023

New Found Gold Corp. Announces the Results from 31 Diamond Drill Holes

New Found Gold Corp. Announces Results from 30 Diamond Drill Holes

New Found Gold Corp. Announces Results from 36 Diamond Drill Holes That Completed as Part of Drill Program Designed to Expand on Discovered K2 Zone At Its 100%-Owned Queensway Project in Newfoundland and Labrador

New Found Gold Corp. Announces Results from 15 Diamond Drill Holes That Are Completed as Part of A Follow-Up Drill Program At the New Iceberg Discovery

New Found Gold Corp. Announces Completion of 3-D Seismic Survey

New Found Gold Corp. Intercepts 5.81 G/T Au over 30M At Keats West

New Found Gold Corp. Announces the Results from 16 Diamond Drill Holes That Were Completed as Part of Follow-Up Drill Program At the New Iceberg Discovery

New major risk - Financial position

New Found Gold Corp. Intercepts 167 G/T Au over 4.70M At Iceberg

New Found Gold Corp. Announces the Results from 14 Diamond Drill Holes

New Found Gold Corp. Commences 10,000m, Phase II Drill Program at Queensway South

New Found Gold Corp. Announce the Results from Eight Diamond Drill Holes That Were Completed as Part of A Follow-Up Drill Program Targeting the 421 Zone

New Found Gold Corp. Announces Results from Seven Diamond Drill Holes that Completed as Part of Drill Program Designed to Test Newly Discovered Keats West Zone

New Found Intercepts 14.5 g/t Au Over 27.8m, 9.7 g/t Au Over 20.3m, 34.6 g/t Au Over 5.3m, 39 g/t Au Over 4.3m & 33 g/t Au Over 4.8m at Iceberg

New Found Gold Corp. Intercepts 31 G/T Au Over 7.95m at Iceberg & 15 g/t Au Over 7.55m at Iceberg East

New Found Gold Corp. Announces Results from One Diamond Drill Hole Part of A Drill Programalong the Northern Segment of the Highly Prospective Appleton Fault Zone

New Found Gold Corp. Announces Gold Intercepts At Queensway Project in Newfoundland

Palisades Announces Additional New Found Gold Intercepts At Keats West

New Found Gold Corp. Announces the Results from 15 Diamond Drill Holes

New Found Gold Corp. Announces the Results from One Diamond Drill Hole Completed as Part of A Follow-Up Drill Program At the New Iceberg Discovery

Kirkland Lake Discoveries Corp. (TSXV:KLDC) acquired All of the properties comprising Lucky Strike project located in the Kirkland Lake gold camp in Ontario from New Found Gold Corp. (TSXV:NFG) for approximability CAD 1.30 million.

Insider recently bought US$87k worth of stock

New Found Gold Corp. Announces Results from Nine Diamond Drill Holes that Completes as Part of Drill Program Designed to Test Newly Discovered Keats West Zone

New Found Gold Corp. Discovers Three New Gold Zones Along Appleton Fault Zone - Monte Carlo, K2 & Everest

New Found Gold Corp. Announces the Results from 37 Diamond Drill Holes

New Found Gold Corp. Discovers Multiple New Gold Zones Extending 1.5KM South of Keats, Increases Appleton Fault Zone High-Grade Gold Corridor to over 4KM in Strike Length

New Found Gold Corp. Announces the Results from Forty-Eight Diamond Drill Holes

New Found Gold Corp. Announces the Continuation of Environmental Baseline and Pre-Development Studies

New Found Increases Queensway Drill Program to 500,000 Meters

Insider recently bought US$8.4m worth of stock

New Found Gold Corp. Reports Several High-Grade Intercepts from Keats North Including 117 G/T Au over 2.00M, 36.5 G/T Au over 2.15M & 20.8 G/T Au over 2.00M

New Found Gold Corp. Intercepts 42.6 g/t Au Over 32m at Keats West, Includes High-grade Interval of 171.6 g/t Au Over 6.5m

New Found Gold Corp. Announces the Results from Five Diamond Drill Holes That Were Completed as Part of Program Designed to Follow Up on Newly Discovered High-Grade Gold

New Found Intercepts 85.7 G/T AU Over 5.65M & 13.4 G/T AU Over 9.05M at Keats Main Zone, Initiates Use of Chrysos PhotonAssayTM Method