NFGC

New Found Gold Corp.

Fundamental data last updated:August 30, 2026

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company profile

SECTOR

Basic Materials

industry

Gold

Exchange

AMEX

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

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. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. 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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VALUATION

P/E

-8.26

Market Cap ($M USD)

$475.68M

Forward P/E

4.68

PEG

0.02

PRICE TO SALES

41.66

PRICE TO BOOK

1.62

EV / EBITDA

-10.09

5-Year Average P/E

Free Cash Flow Yield

-10.96%

DCF Value

$0.45

Graham Number

N/A

Price to FCF

-9.13

EV to FCF

-8.62

Earnings Yield

-8.81%

FCF Yield

-10.96%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.24

Next Year EPS Growth Estimate

$0.43

Next Year Revenue Growth Estimate

$5.81M

Return on Equity (ROE)

-22.69%

FREE CASH FLOW

Operating Margin

-431.94%

Debt-to-Equity

0.00

Piotroski F-Score

2

Altman Z-Score

2.05

Return on Invested Capital (ROIC)

-13.56%

Current Ratio

2.89

Quick Ratio

2.43

Net Debt to EBITDA

0.59

Interest Coverage

-323.12

Gross Profit margin

-162.01%

FCF PER SHARE

$-0.30

REVENUE PER SHARE

$0.07

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Gainseekers Quantitative Analysis

Summary

NFGC’s valuation paints a perplexing picture. The stock traded significantly above its DCF value, suggesting a market mispricing or speculative fervor. Despite a forward P/E that hints at potential growth, the negative earnings yield and troubling Altman Z-score raise red flags about its financial stability. The company’s negative ROIC and operating margin further underscore management’s struggle to generate value. This is a high-risk play, with the market seemingly betting on a turnaround that the fundamentals don’t yet support.

AI Exposure / Tech Reliance

In the gold industry, NFGC's exposure to AI and tech shifts is minimal. The sector's reliance on physical assets and traditional mining methods limits the immediate impact of digital transformation. However, advancements in AI-driven exploration and operational efficiency could offer future opportunities.

The Bull Case

For the bullish investor, NFGC's low debt-to-equity ratio and high current ratio signal financial resilience. The forward PEG ratio suggests undervaluation relative to growth expectations, enticing those who believe in its turnaround potential. Despite a low Piotroski F-Score, the company's ability to maintain liquidity and a consensus "Buy" rating could indicate institutional confidence. If management can capitalize on projected sales growth, this could be a hidden gem.

The Bear Case

The bear case is glaringly evident in NFGC's financials. With a staggering price-to-sales ratio and negative free cash flow yield, the company appears overvalued and cash-strapped. Its gross profit margin and operating margin are deeply negative, highlighting severe inefficiencies. The stock's proximity to its 52-week low further suggests market skepticism, and without a clear path to profitability, the risks overshadow the potential rewards.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

1.29

Insider Buying % (6 Mo)

Distance to 52-Week High

78.16%

Distance to 52-Week Low

33.50%

EARNINGS SURPRISE %

-100.00%

50-DAY SMA

$2.01

200-DAY SMA

$2.35

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.