CVE:NFG

1.96
0.02 (1.01%) 1d
0

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NFG is down 12% year-to-date, but has had a nice bounce from its April lows and amid good earnings results in May. In late May it was up big as it increased the size of its bought deal financing to advance the Queensway Gold Project to the development stage. The news flow is improving for NFG, and a higher price of gold is also helping to lift goldstocks, but we would like to see its price rise above $3 to signal a potential reversal in its price trend. The company has seen negative price momentum since 2021 and we would prefer to see this reverse before getting more interested in the name.
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Impressed with exploration strategy in Newfoundland and incredibly effective outreach in international public relations. Relative to the sector, ahead of itself on price. 

HOLD

Believes stock was over valued.
Current share price better reflecting value of company.
Not sure on quality of ore assets.
Eric Sprott sponsorship a good sign for the company.
Deposits in Canada which is a stable political area.
Hesitant on production quality of assets.

BUY

Interesting discovery recently.
Well promoted stock.
Eric Sprott involved.
Does not own shares.
Exploration better than expected. 
High quality deposits that trade on premium. 

COMMENT
In Central Newfoundland. They have done a great job of exploration but is priced ahead of itself with high expectations. Will become a mine. Has a 1.3 market cap. Doesn't own because there are cheaper stocks.
TOP PICK
Exploration. A hold, with a $4.25 target. Possibility of a world-class deposit. Good for Newfoundland & Labrador, as the land is right beside Gander. No dividend. (Analysts’ price target is $4.25)
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New Found Gold(NFG-X) Rating

Ranking : 1 out of 5

Star iconStar empty iconStar empty iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for New Found Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

New Found Gold(NFG-X) Frequently Asked Questions

What is New Found Gold stock symbol?

New Found Gold is a Canadian stock, trading under the symbol NFG-X on the TSX Venture Exchange (NFG-CV). It is usually referred to as TSXV:NFG or NFG-X

Is New Found Gold a buy or a sell?

In the last year, there was no coverage of New Found Gold published on Stockchase.

Is New Found Gold a good investment or a top pick?

New Found Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for New Found Gold.

Why is New Found Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is New Found Gold worth watching?

0 stock analysts on Stockchase covered New Found Gold In the last year. It is a trending stock that is worth watching.

What is New Found Gold stock price?

On 2025-06-18, New Found Gold (NFG-X) stock closed at a price of $1.96.