New Found Gold Stock Today
| NFGC Stock | USD 1.83 0.08 4.57% |
PerformanceOK
| Odds Of DistressBelow Average
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New Found is trading at 1.83 as of the 18th of March 2025, a 4.57% increase since the beginning of the trading day. The stock's open price was 1.75. New Found has 45 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. The performance scores are derived for the period starting the 18th of December 2024 and ending today, the 18th of March 2025. Click here to learn more.
Business Domain Materials | IPO Date 15th of September 2020 | Category Basic Materials |
New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. The company has 198.91 M outstanding shares of which 4.75 M shares are now shorted by private and institutional investors with about 7.2 trading days to cover. More on New Found Gold
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New Stock Highlights
| President Founder | BSc BSc | |||||||||||||||||||||||||||||||||||
| Thematic Idea | Precious Metals (View all Themes) | |||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Metals & Mining, Materials, Basic Materials, Precious Metals, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsNew Found can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand New Found's financial leverage. It provides some insight into what part of New Found's total assets is financed by creditors.
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New Found Gold (NFGC) is traded on NYSE MKT Exchange in USA. It is located in 1600 - 595 Burrard Street, Vancouver, BC, Canada, V7X 1L4 and employs 98 people. New Found is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 364 M. New Found Gold conducts business under Metals & Mining sector and is part of Materials industry. The entity has 198.91 M outstanding shares of which 4.75 M shares are now shorted by private and institutional investors with about 7.2 trading days to cover.
New Found Gold currently holds about 80.73 M in cash with (99.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48.
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Ownership AllocationNew Found Gold maintains a total of 198.91 Million outstanding shares. New Found Gold holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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New Found Historical Income Statement
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New Found Corporate Management
| Fiona PGeo | VP Development | Profile | |
| Ronald Hampton | Chief Officer | Profile | |
| Kenneth Bsc | Geologist | Profile | |
| Janet Francis | Corporate Secretary | Profile | |
| Jared Saunders | Vice Sustainability | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Found. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Found's market value can be influenced by many factors that don't directly affect New Found's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Found's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.