During the last session, New Found Gold Corp (AMEX:NFGC)’s traded shares were 0.53 million, with the beta value of the company hitting 0.77. At the end of the trading day, the stock’s price was $1.64, reflecting an intraday gain of 1.23% or $0.02. The 52-week high for the NFGC share is $4.15, that puts it down -153.05 from that peak though still a striking 7.93% gain since the share price plummeted to a 52-week low of $1.51. The company’s market capitalization is $463.14M, and the average intraday trading volume over the past 10 days was 0.8 million shares, and the average trade volume was 560.88K shares over the past three months.
New Found Gold Corp (NFGC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NFGC has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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New Found Gold Corp (AMEX:NFGC) trade information
New Found Gold Corp (NFGC) registered a 1.23% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.23% in intraday trading to $1.64, hitting a weekly high. The stock’s 5-day price performance is -11.83%, and it has moved by -34.14% in 30 days. Based on these gigs, the overall price performance for the year is -54.70%. The short interest in New Found Gold Corp (AMEX:NFGC) is 4.95 million shares and it means that shorts have 10.01 day(s) to cover.
New Found Gold Corp (NFGC) estimates and forecasts
Statistics show that New Found Gold Corp has underperformed its competitors in share price, compared to the industry in which it operates. New Found Gold Corp (NFGC) shares have gone down -54.57% during the last six months, with a year-to-date growth rate less than the industry average at 12.12% against 19.90.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -70.26%. While earnings are projected to return 49.74% in 2024.
NFGC Dividends
New Found Gold Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
New Found Gold Corp (AMEX:NFGC)’s Major holders
New Found Gold Corp insiders own 44.04% of total outstanding shares while institutional holders control 4.83%, with the float percentage being 8.63%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 51.0 institutions own stock in it. As of 2024-06-30, the company held over 5.34 million shares (or 2.8461% of all shares), a total value of $15.06 million in shares.
The next largest institutional holding, with 0.4 million shares, is of MORGAN STANLEY’s that is approximately 0.2121% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of New Found Gold Corp (NFGC) shares are VanEck ETF Trust-VanEck Junior Gold Miners ETF and Invesco Gold & Special Minerals Fund . Data provided on Sep 30, 2024 indicates that VanEck ETF Trust-VanEck Junior Gold Miners ETF owns about 5.11 shares. This amounts to just over 2.57 percent of the company’s overall shares, with a $8.38 million market value. The same data shows that the other fund manager holds slightly less at 220.0, or about 0.11% of the stock, which is worth about $0.36 million.
