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New Found Gold Corp (NFGC)
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Upturn Advisory Summary
11/14/2025: NFGC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $5
1 Year Target Price $5
| 0 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -41.4% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 528.12M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 1 | Beta 1.91 | 52 Weeks Range 0.93 - 2.81 | Updated Date 11/16/2025 |
52 Weeks Range 0.93 - 2.81 | Updated Date 11/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.16 |
Earnings Date
Report Date 2025-11-12 | When Before Market | Estimate -0.04 | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -32.73% | Return on Equity (TTM) -50.88% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 620583055 | Price to Sales(TTM) - |
Enterprise Value 620583055 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -7.26 | Shares Outstanding 245126725 | Shares Floating 154353847 |
Shares Outstanding 245126725 | Shares Floating 154353847 | ||
Percent Insiders 38.97 | Percent Institutions 7.48 |
Upturn AI SWOT
New Found Gold Corp
Company Overview
History and Background
New Found Gold Corp. is a Canadian gold exploration company focused on the Queensway Project in Newfoundland. Founded relatively recently, it rapidly gained attention due to high-grade gold discoveries.
Core Business Areas
- Gold Exploration: The core business is gold exploration, specifically focusing on the Queensway Project in Newfoundland, Canada. This includes drilling, geological mapping, and resource estimation.
Leadership and Structure
Collin Kettell serves as the Founder and Executive Chairman. Denis Laviolette is the President. The company operates with a technical team focused on exploration and geological expertise.
Top Products and Market Share
Key Offerings
- Gold Discovery and Resource Definition: New Found Gold's primary 'product' is its ability to discover and define high-grade gold resources. Market share is not applicable as it's an exploration company, not a producer. Competitors include other gold exploration companies operating in similar geological settings.
Market Dynamics
Industry Overview
The gold exploration industry is highly competitive and cyclical, influenced by gold prices, investor sentiment, and geopolitical factors. It's characterized by high risk and high reward.
Positioning
New Found Gold is positioned as a high-grade gold exploration company in a tier-one jurisdiction (Canada). Its competitive advantage lies in the high-grade nature of its discoveries and the significant exploration potential of its Queensway Project.
Total Addressable Market (TAM)
The TAM is the total value of gold resources that could potentially be discovered and extracted in Newfoundland. This is hard to quantify, but the company is positioned to capture a significant portion if it successfully defines a large, economic gold deposit.
Upturn SWOT Analysis
Strengths
- High-grade gold discoveries
- Significant exploration potential
- Tier-one jurisdiction (Canada)
- Experienced management team
Weaknesses
- Early-stage exploration company
- No current revenue generation
- Dependent on capital markets for funding
- Project located in Newfoundland which has a short season
Opportunities
- Expanding resource base at Queensway
- Potential for strategic partnerships
- Increasing gold prices
- Acquisition of additional prospective properties
Threats
- Fluctuations in gold prices
- Exploration risk (failure to discover economic deposits)
- Environmental regulations
- Competition from other exploration companies
Competitors and Market Share
Key Competitors
- AUY
- GOLD
- NEM
- FNV
- WPM
Competitive Landscape
New Found Gold competes with other gold exploration and mining companies for capital, talent, and mineral properties. Its high-grade discoveries give it a competitive edge, but it faces significant execution risk.
Major Acquisitions
Labrador Gold Corp.
- Year: 2024
- Acquisition Price (USD millions): 58
- Strategic Rationale: Acquisition provides New Found Gold access to critical ground in the vicinity of its Queensway project
Growth Trajectory and Initiatives
Historical Growth: Historical growth is measured by the increase in the company's market capitalization and the expansion of its resource base. This growth has been significant since the company went public.
Future Projections: Future growth projections are highly speculative and dependent on exploration success. Analyst estimates vary widely based on differing assumptions about future discoveries.
Recent Initiatives: Recent initiatives include ongoing drilling programs at Queensway, resource estimation updates, and metallurgical testing.
Summary
New Found Gold Corp. is a high-risk, high-reward gold exploration company with significant potential due to its high-grade discoveries at the Queensway Project. Its success is contingent on continued exploration success and the ability to raise capital. Key risks include gold price volatility and exploration execution. The company's strengths lie in the quality of its discoveries and location in a stable jurisdiction.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Filings (SEDAR)
- Company Website
- Analyst Reports
- Mining Industry News
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investing in gold exploration companies involves significant risk. Market Share is an estimate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About New Found Gold Corp
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2020-09-15 | CEO & Director Mr. Keith Boyle M.B.A., MBA, P.Eng. | ||
Sector Basic Materials | Industry Gold | Full time employees 62 | Website https://newfoundgold.ca |
Full time employees 62 | Website https://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, 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.
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