New Found Gold Corp.

NYSEAM:NFGC Stock Report

Market Cap: US$324.7m

New Found Gold Valuation

Is NFGC 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 NFGC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

Key metric: As NFGC 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 NFGC. This is calculated by dividing NFGC's market cap by their current book value.
What is NFGC's PB Ratio?
PB Ratio5.8x
BookCA$78.91m
Market CapCA$453.51m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for NFGC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.1x
MUX McEwen Mining
0.9x-106.9%US$445.6m
CMCL Caledonia Mining
0.9x93.0%US$211.2m
GROY Gold Royalty
0.4x171.6%US$219.8m
GDRZ.F Gold Reserve
6.2xn/aUS$197.8m
NFGC New Found Gold
5.8x-11.2%US$453.5m

Price-To-Book vs Peers: NFGC is expensive based on its Price-To-Book Ratio (5.8x) compared to the peer average (2.1x).

Price to Book Ratio vs Industry

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

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
GORO Gold Resource
0.2xn/aUS$13.18m
BMXI Brookmount Explorations
0.1xn/aUS$5.52m
NFGC 5.8xIndustry Avg. 1.7xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: NFGC is expensive based on its Price-To-Book Ratio (5.8x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is NFGC'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.

NFGC 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 NFGC'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 NFGC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.62
US$6.49
+300.8%
11.1%US$7.21US$5.77n/a2
Nov ’25US$2.24
US$6.46
+188.6%
11.1%US$7.18US$5.75n/a2
Oct ’25US$2.64
US$6.50
+146.1%
11.1%US$7.22US$5.77n/a2
Sep ’25US$2.68
US$6.50
+142.4%
11.1%US$7.22US$5.77n/a2
Aug ’25US$2.66
US$6.50
+144.2%
11.1%US$7.22US$5.77n/a2
Jul ’25US$2.82
US$6.58
+133.3%
11.1%US$7.31US$5.85n/a2
Jun ’25US$3.48
US$7.41
+113.0%
17.4%US$9.03US$5.87n/a3
May ’25US$3.56
US$6.96
+95.6%
18.5%US$8.95US$5.82n/a4
Apr ’25US$3.65
US$7.09
+94.3%
17.8%US$9.05US$5.89n/a4
Mar ’25US$3.21
US$7.22
+125.0%
17.1%US$9.16US$6.14n/a4
Feb ’25US$3.42
US$7.22
+111.2%
17.1%US$9.16US$6.14n/a4
Jan ’25US$3.50
US$7.09
+102.7%
16.5%US$8.94US$5.99n/a4
Dec ’24US$3.80
US$7.09
+86.7%
16.5%US$8.94US$5.99n/a4
Nov ’24US$3.71
US$7.52
+102.8%
13.2%US$8.87US$6.49US$2.243
Oct ’24US$4.17
US$7.87
+88.8%
13.2%US$9.28US$6.79US$2.643
Sep ’24US$4.32
US$7.87
+82.2%
13.2%US$9.28US$6.79US$2.683
Aug ’24US$4.49
US$7.87
+75.3%
13.2%US$9.28US$6.79US$2.663
Jul ’24US$4.95
US$7.87
+59.0%
13.2%US$9.28US$6.79US$2.823
Jun ’24US$4.53
US$7.73
+70.6%
14.2%US$9.18US$6.53US$3.483
May ’24US$4.58
US$7.73
+68.7%
14.2%US$9.18US$6.53US$3.563
Apr ’24US$5.00
US$7.45
+49.0%
16.3%US$9.00US$6.03US$3.653
Mar ’24US$3.85
US$8.20
+113.0%
10.3%US$9.05US$7.35US$3.212

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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