Symbols / NFGC $1.93 -0.52% New Found Gold Corp.

Basic Materials • Gold • Canada • ASE
NFGC Chart
About

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, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located near Gander, Newfoundland; the Kingsway project located in Gander, Newfoundland; and the Mustang Property consisting of 3 mineral licenses. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Gold Market Cap 674.06M
Enterprise Value 596.22M Income -47.57M Sales 5.81M
Book/sh 0.88 Cash/sh 0.20 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -8.02 PEG —
P/S 116.08 P/B 2.19 P/C —
EV/EBITDA -10.21 EV/Sales 102.67 Quick Ratio 3.33
Current Ratio 3.89 Debt/Eq 0.27 LT Debt/Eq —
EPS (ttm) -0.14 EPS next Y -0.24 EPS Growth —
Revenue Growth — Earnings 2026-05-12 ROA -12.13%
ROE -19.59% ROIC — Gross Margin 2.04%
Oper. Margin -3.62% Profit Margin 0.00% Shs Outstand 345.21M
Shs Float 233.58M Short Float — Short Ratio 2.42
Short Interest — 52W High 3.59 52W Low 0.93
Beta 1.94 Avg Volume 2.27M Volume 229.25K
Target Price $5.00 Recom None Prev Close $1.94
Price $1.93 Change -0.52%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.00
Mean price target
2. Current target
$1.97
Latest analyst target
3. DCF / Fair value
$-1.39
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.97
Low
$5.00
High
$5.00
Mean
$5.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-03-10 main Roth MKM Buy → Buy $5
2024-04-23 main Roth MKM Buy → Buy $9
2024-04-08 main Roth MKM Buy → Buy $9
News
RSS: Latest NFGC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-30 Brown, Tamara Lee Director of Issuer — 10,000 $1.74 $17,380
2026-03-30 Williams (Chad) Director of Issuer — 11,000 $1.74 $19,195
2026-03-30 Williams (Chad) Director of Issuer — 3,800 $1.75 $6,661
2026-03-30 Williams (Chad) Director of Issuer — 35,200 $1.76 $61,952
2026-03-03 Williams (Chad) Director of Issuer — 100,000 — —
2026-02-02 Hayden (William Beckwith) Director of Issuer — 100,000 — —
2026-01-30 Boyle, Keith Alexander Director of Issuer — 31,000 — —
2025-12-16 Dundee Corporation 10% Security Holder of Issuer — 24,480,000 $2.91 $71,187,840
2025-12-16 Sprott (Eric Steven) 10% Security Holder of Issuer — 400,000 $2.91 $1,163,200
2025-12-16 Sprott Mining Inc 10% Security Holder of Issuer — 400,000 $2.91 $1,163,200
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
5.81
0.00
0.00
0.00
Operating Revenue
5.81
0.00
0.00
0.00
Cost Of Revenue
5.69
0.00
-100.00%
0.94
+6.79%
0.88
Reconciled Cost Of Revenue
5.69
0.00
-100.00%
0.94
+6.79%
0.88
Gross Profit
0.12
0.00
+100.00%
-0.94
-6.79%
-0.88
Operating Expense
59.32
-1.65%
60.32
-41.50%
103.11
+17.39%
87.84
Research And Development
—
0.71
-44.18%
1.27
+10.66%
1.15
Selling General And Administration
17.94
+131.40%
7.75
+39.39%
5.56
-57.25%
13.01
General And Administrative Expense
17.94
+131.40%
7.75
+39.39%
5.56
-57.25%
13.01
Salaries And Wages
6.28
+606.92%
0.89
-77.26%
3.91
-65.65%
11.38
Other Gand A
11.66
+69.81%
6.86
+315.45%
1.65
+1.43%
1.63
Other Operating Expenses
41.38
-21.28%
52.56
-45.07%
95.69
+29.89%
73.67
Total Expenses
65.01
+7.78%
60.32
-42.03%
104.05
+17.29%
88.72
Operating Income
-59.20
+1.85%
-60.32
+42.03%
-104.05
-17.29%
-88.72
Total Operating Income As Reported
-63.99
-6.09%
-60.32
+41.70%
-103.47
-16.63%
-88.72
EBITDA
-47.03
+4.86%
-49.43
+37.37%
-78.92
+11.41%
-89.09
Normalized EBITDA
-43.24
+12.52%
-49.43
+36.78%
-78.18
-12.57%
-69.45
Reconciled Depreciation
0.83
+1.75%
0.81
-13.46%
0.94
+6.79%
0.88
EBIT
-47.85
+4.75%
-50.24
+37.09%
-79.86
+11.24%
-89.97
Total Unusual Items
-3.79
0.00
+100.00%
-0.74
+96.23%
-19.64
Total Unusual Items Excluding Goodwill
-3.79
0.00
+100.00%
-0.74
+96.23%
-19.64
Special Income Charges
-3.79
0.00
-100.00%
3.20
+22480.84%
0.01
Other Special Charges
—
1.75
—
-0.00
Impairment Of Capital Assets
—
0.00
-100.00%
0.01
0.00
Restructuring And Mergern Acquisition
4.79
0.00
—
—
Write Off
-1.00
0.00
-100.00%
1.00
0.00
Net Income
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Pretax Income
-47.97
+4.58%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Net Non Operating Interest Income Expense
1.31
-54.10%
2.84
+2.90%
2.76
+129.52%
1.20
Interest Expense Non Operating
0.11
+348.39%
0.03
-7.43%
0.03
+69.62%
0.02
Net Interest Income
1.31
-54.10%
2.84
+2.90%
2.76
+129.52%
1.20
Interest Expense
0.11
+348.39%
0.03
-7.43%
0.03
+69.62%
0.02
Interest Income Non Operating
1.42
-50.58%
2.87
+2.80%
2.79
+128.74%
1.22
Interest Income
1.42
-50.58%
2.87
+2.80%
2.79
+128.74%
1.22
Other Income Expense
9.93
+37.85%
7.20
-66.33%
21.40
+963.80%
-2.48
Other Non Operating Income Expenses
7.37
-27.11%
10.11
-55.90%
22.93
+33.59%
17.17
Gain On Sale Of Security
—
-1.21
+69.38%
-3.94
+79.94%
-19.66
Tax Provision
-0.39
0.00
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
-0.03
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Net Income From Continuing Operation Net Minority Interest
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Net Income From Continuing And Discontinued Operation
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Net Income Continuous Operations
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Normalized Income
-43.82
+12.84%
-50.27
+36.49%
-79.15
-12.52%
-70.35
Net Income Common Stockholders
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Diluted EPS
-0.20
+23.08%
-0.26
+42.22%
-0.45
+16.67%
-0.54
Basic EPS
-0.20
+23.08%
-0.26
+42.22%
-0.45
+16.67%
-0.54
Basic Average Shares
234.64
+20.93%
194.03
+8.79%
178.36
+6.90%
166.86
Diluted Average Shares
234.64
+20.93%
194.03
+8.79%
178.36
+6.90%
166.86
Diluted NI Availto Com Stockholders
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Earnings From Equity Interest
6.35
+318.24%
-2.91
-265.36%
-0.80
0.00
Gain On Sale Of PPE
—
0.00
-100.00%
4.21
+34535.37%
0.01
Other Taxes
—
0.93
+59.00%
0.58
0.00
Line Item Trend 2023-12-31
Total Assets
84.58
Current Assets
62.38
Cash Cash Equivalents And Short Term Investments
57.29
Cash And Cash Equivalents
53.88
Cash Financial
53.88
Other Short Term Investments
3.41
Receivables
3.37
Accounts Receivable
—
Other Receivables
—
Taxes Receivable
3.30
Accrued Interest Receivable
0.08
Inventory
—
Raw Materials
—
Work In Process
—
Finished Goods
—
Prepaid Assets
1.52
Hedging Assets Current
0.19
Other Current Assets
—
Total Non Current Assets
22.20
Net PPE
16.89
Gross PPE
19.04
Accumulated Depreciation
-2.15
Buildings And Improvements
—
Machinery Furniture Equipment
3.42
Construction In Progress
—
Other Properties
6.52
Goodwill And Other Intangible Assets
—
Goodwill
—
Investments And Advances
2.86
Long Term Equity Investment
2.86
Other Non Current Assets
—
Total Liabilities Net Minority Interest
19.08
Current Liabilities
19.01
Payables And Accrued Expenses
5.21
Payables
—
Accounts Payable
—
Current Accrued Expenses
—
Pensionand Other Post Retirement Benefit Plans Current
—
Current Debt And Capital Lease Obligation
0.09
Current Debt
—
Other Current Borrowings
—
Current Capital Lease Obligation
0.09
Other Current Liabilities
12.43
Total Non Current Liabilities Net Minority Interest
0.07
Long Term Debt And Capital Lease Obligation
0.07
Long Term Debt
—
Long Term Capital Lease Obligation
0.07
Non Current Deferred Liabilities
—
Non Current Deferred Taxes Liabilities
—
Other Non Current Liabilities
—
Stockholders Equity
65.50
Common Stock Equity
65.50
Capital Stock
290.24
Common Stock
290.24
Share Issued
186.87
Ordinary Shares Number
186.87
Treasury Shares Number
0.00
Retained Earnings
-259.50
Gains Losses Not Affecting Retained Earnings
34.76
Total Equity Gross Minority Interest
65.50
Total Capitalization
65.50
Working Capital
43.37
Invested Capital
65.50
Total Debt
0.16
Capital Lease Obligations
0.16
Net Tangible Assets
65.50
Tangible Book Value
65.50
Current Provisions
1.29
Dueto Related Parties Current
—
Investmentsin Associatesat Cost
2.86
Non Current Note Receivables
2.45
Notes Receivable
0.00
Other Equity Interest
34.76
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-55.15
+0.96%
-55.68
+43.91%
-99.27
-33.47%
-74.38
Cash Flow From Continuing Operating Activities
-55.15
+0.96%
-55.68
+43.91%
-99.27
-33.47%
-74.38
Net Income From Continuing Operations
-47.57
+5.36%
-50.27
+37.08%
-79.89
+11.22%
-89.99
Depreciation Amortization Depletion
0.83
+1.75%
0.81
-13.46%
0.94
+6.79%
0.88
Depreciation
0.83
+1.75%
0.81
-13.46%
0.94
+6.79%
0.88
Depreciation And Amortization
0.83
+1.75%
0.81
-13.46%
0.94
+6.79%
0.88
Other Non Cash Items
-7.77
+29.08%
-10.95
+52.18%
-22.91
-33.54%
-17.15
Stock Based Compensation
6.28
+606.92%
0.89
-36.97%
1.41
-83.38%
8.49
Provisionand Write Offof Assets
-0.23
0.00
—
—
Asset Impairment Charge
-1.00
0.00
-100.00%
1.01
0.00
Deferred Tax
-0.39
0.00
—
—
Deferred Income Tax
-0.39
0.00
—
—
Operating Gains Losses
-6.23
-332.13%
2.68
+181.88%
-3.28
-170.30%
4.66
Gain Loss On Investment Securities
-6.35
-318.24%
2.91
—
4.68
Unrealized Gain Loss On Investment Securities
-0.06
+60.29%
-0.14
-103.48%
4.05
-72.92%
14.94
Net Foreign Currency Exchange Gain Loss
0.12
+151.97%
-0.22
-617.76%
0.04
0.00
Gain Loss On Sale Of PPE
—
0.00
+100.00%
-4.12
-33756.22%
-0.01
Change In Working Capital
0.99
-23.41%
1.29
+313.87%
-0.60
-115.96%
3.79
Change In Receivables
-0.47
-143.20%
1.09
+572.39%
-0.23
+82.75%
-1.34
Changes In Account Receivables
—
—
—
0.00
Change In Inventory
1.26
0.00
—
—
Change In Prepaid Assets
-1.33
-3525.67%
0.04
+139.97%
-0.10
-112.83%
0.76
Change In Payables And Accrued Expense
1.53
+830.96%
0.16
+196.45%
-0.17
-103.94%
4.33
Change In Other Current Assets
—
0.00
+100.00%
-0.11
-379.36%
0.04
Investing Cash Flow
9.26
+390.50%
-3.19
+28.13%
-4.44
-501.18%
-0.74
Cash Flow From Continuing Investing Activities
9.26
+390.50%
-3.19
+28.13%
-4.44
-501.18%
-0.74
Net PPE Purchase And Sale
-3.26
+27.30%
-4.48
-165.97%
-1.69
+69.61%
-5.55
Purchase Of PPE
-3.26
+27.30%
-4.48
-164.54%
-1.70
+69.52%
-5.56
Sale Of PPE
—
0.00
-100.00%
0.01
-25.30%
0.01
Capital Expenditure
-3.26
+27.30%
-4.48
-161.98%
-1.71
+69.31%
-5.58
Capital Expenditure Reported
—
-0.01
+66.50%
-0.02
-1.66%
-0.02
Net Investment Purchase And Sale
0.75
-31.44%
1.10
+141.61%
-2.64
-154.66%
4.83
Purchase Of Investment
—
0.00
+100.00%
-2.64
0.00
Sale Of Investment
0.75
-31.44%
1.10
0.00
-100.00%
4.83
Net Business Purchase And Sale
9.03
0.00
—
—
Gain Loss On Sale Of Business
—
0.03
0.00
—
Net Other Investing Changes
2.74
+1625.28%
-0.18
-89.66%
-0.09
-481.51%
-0.02
Financing Cash Flow
82.43
+201.92%
27.30
-63.81%
75.43
+32.80%
56.80
Cash Flow From Continuing Financing Activities
82.43
+201.92%
27.30
-63.81%
75.43
+32.80%
56.80
Net Issuance Payments Of Debt
-0.06
+56.30%
-0.13
+6.92%
-0.14
-18.22%
-0.12
Repayment Of Debt
-0.06
+56.30%
-0.13
+6.92%
-0.14
-18.22%
-0.12
Long Term Debt Payments
-0.06
+56.30%
-0.13
+6.92%
-0.14
-18.22%
-0.12
Net Long Term Debt Issuance
-0.06
+56.30%
-0.13
+6.92%
-0.14
-18.22%
-0.12
Net Common Stock Issuance
83.48
+203.32%
27.52
-65.16%
78.99
+50.31%
52.55
Cash Dividends Paid
0.00
0.00
0.00
—
Proceeds From Stock Option Exercised
3.06
+255.24%
0.86
+555.25%
0.13
-98.29%
7.71
Net Other Financing Charges
-4.00
-333.08%
-0.92
+73.71%
-3.52
-5.50%
-3.33
Changes In Cash
36.54
+215.75%
-31.57
-11.63%
-28.28
-54.38%
-18.32
Effect Of Exchange Rate Changes
-0.02
-867.91%
0.00
0.00
—
Beginning Cash Position
22.32
-58.58%
53.88
-34.42%
82.17
-18.23%
100.48
End Cash Position
58.84
+163.64%
22.32
-58.58%
53.88
-34.42%
82.17
Free Cash Flow
-58.41
+2.93%
-60.17
+40.42%
-100.99
-26.30%
-79.96
Interest Paid Supplemental Data
—
0.03
0.00
0.00
Income Tax Paid Supplemental Data
—
0.00
0.00
0.00
Common Stock Issuance
83.48
+203.32%
27.52
-65.16%
78.99
+50.31%
52.55
Earnings Losses From Equity Investments
—
1.31
+64.16%
0.80
0.00
Interest Paid CFF
-0.05
-109.15%
-0.03
+7.43%
-0.03
—
Interest Received CFI
0.00
-100.00%
0.38
0.00
—
Issuance Of Capital Stock
83.48
+203.32%
27.52
-65.16%
78.99
+50.31%
52.55
Sale Of Business
9.03
0.00
—
—
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