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CVE:NFG
New Found Gold (NFG.V)
Financials 
Technical Analysis 
Jun 11, 2026, 12:00 amThis summary was created by AI, based on 3 opinions in the last 12 months.
New Found Gold (NFG-X) is garnering increased interest from analysts and investors, especially as its market cap has diminished, which is notably attracting a seasoned skeptic who perceives potential in the deposit exceeding the 1M oz. threshold. With a significant cash reserve of $71 million, the company remains optimistic about profitability following the commencement of operations at the Queensway mine in 2027. Despite some skepticism around the coherence of drill holes forming a solid deposit, there is strong backing from notable shareholders like Eric Sprott, whose faith in the company has proven lucrative in the past. It's acknowledged that while the sector remains robust, speculation should be approached with caution as stocks near production tend to experience fluctuating investor interest.
The sector has been strong, and NFG has participated. It has $71M cash. While Dundee has sold shares, it still has strong shareholder support including Eric Sprott with about 20%. Revenue is supposed to ramp up in 2027 with the start of the Queensway mine and it should see profitability soon after. This usually gets it a re-rating. We would consider it buyable, but there are many similar stocks and sometimes when a mine is near production stocks go a bit quiet as investors wait to see if everything performs as expected. It is high risk, but we think still decent for speculators. We do think the sector stays strong for a while.
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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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Jaime Carrasco- «
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New Found Gold (NFG.V) Frequently Asked Questions
What is New Found Gold stock symbol?
New Found Gold is a Canadian stock, trading under the symbol NFG.V (previously NFG-X on Stockchase) on the TSX Venture Exchange (NFG-CV). It is usually referred to as TSXV:NFG or NFG.V
Is New Found Gold a buy or a sell?
In the last year, 2 stock analysts published opinions about NFG.V (previously NFG-X on Stockchase). 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for New Found Gold.
Is New Found Gold a good investment or a top pick?
New Found Gold was recommended as a Top Pick by Jaime Carrasco on 2021-04-29. 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?
2 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 2026-06-11, New Found Gold (NFG.V) stock closed at a price of $2.15.
He's been a skeptic for years. The deposit will clearly be economic. Question is at what scale? He's increasingly attracted to it as its market cap has fallen and as they've done more work on the deposit. Sees it as a string of deposits that ends up being over the 1M oz. threshold.
His former mentor and partner, Eric Sprott, is the largest shareholder. Having a difference of opinion with Eric is often very hard on your wallet. He's not only watching it, but actively studying it.