Moreover, the 36-month beta value for NFGC is 0.94. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NFGC is 118.36M and currently, short sellers hold a 4.22% of that float. On May 22, 2025, NFGC’s average trading volume was 1.00M shares.
NFGC) stock’s latest price update
The stock of New Found Gold Corp (AMEX: NFGC) has increased by 11.07 when compared to last closing price of 1.22. Despite this, the company has experienced a 13.87% gain in its stock price over the last five trading sessions. prnewswire.com reported 2025-05-21 that VANCOUVER, BC, May 21, 2025 /PRNewswire/ – New Found Gold Corp. (“New Found Gold” or the “Company”) (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce new drill results from the Company’s 100%-owned Queensway Gold Project (“Queensway” or the “Project”) in Newfoundland and Labrador, Canada. Highlights include: Dropkick zone (“Dropkick”) west of the Appleton Fault Zone (“AFZ”): 42.8 g/t Au over 14.95 m (NFGC-24-2225)1 47.6 g/t Au over 3.95 m (NFGC-24-2214) 22.9 g/t Au over 2.40 m (NFGC-24-2205) Dropkick mineralization has now been intersected over a 580 m strike extent Open in all directions Dropkick east of the AFZ: 5.30 g/t Au over 15.20 m (NFGC-24-2233) A newly identified domain at Dropkick on the eastern side of the AFZ Open in all directions Pistachio zone (“Pistachio”) 5.34 g/t Au over 7.30 m (NFGC-24-2190) 240 m strike length delineated to date with a high-grade portion constrained by one underground panel in the initial mineral resource estimate (“MRE”) Open down plunge and to depth Melissa Render, President of New Found Gold, stated: “In these final drill results from the 2024 exploration program we continue to intersect high-grade gold mineralization and expand both Dropkick and Pistachio.
NFGC’s Market Performance
New Found Gold Corp (NFGC) has experienced a 13.87% rise in stock performance for the past week, with a 22.07% rise in the past month, and a -25.14% drop in the past quarter. The volatility ratio for the week is 7.28%, and the volatility levels for the past 30 days are at 6.40% for NFGC. The simple moving average for the last 20 days is 13.41% for NFGC stock, with a simple moving average of -28.89% for the last 200 days.
Analysts’ Opinion of NFGC
Many brokerage firms have already submitted their reports for NFGC stocks, with ROTH MKM repeating the rating for NFGC by listing it as a “Buy.” The predicted price for NFGC in the upcoming period, according to ROTH MKM is $9 based on the research report published on August 15, 2023 of the previous year 2023.
NFGC Trading at 8.23% from the 50-Day Moving Average
After a stumble in the market that brought NFGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.08% of loss for the given period.
Volatility was left at 6.40%, however, over the last 30 days, the volatility rate increased by 7.28%, as shares surge +16.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.71% lower at present.
During the last 5 trading sessions, NFGC rose by +12.18%, which changed the moving average for the period of 200-days by -44.61% in comparison to the 20-day moving average, which settled at $1.1938. In addition, New Found Gold Corp saw -25.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NFGC
The total capital return value is set at -0.91. Equity return is now at value -75.61, with -65.46 for asset returns.
Based on New Found Gold Corp (NFGC), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -451.09. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -2402.59.
Currently, EBITDA for the company is -102.04 million with net debt to EBITDA at 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.
Conclusion
To wrap up, the performance of New Found Gold Corp (NFGC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
