In the last trading session, 1.08 million New Found Gold Corp (AMEX:NFGC) shares changed hands as the company’s beta touched 0.71. With the company’s per share price at $1.81 changed hands at -$0.02 or -1.09% during last session, the market valuation stood at $360.03M. NFGC’s last price was a discount, traded about -129.28% off its 52-week high of $4.15. The share price had its 52-week low at $1.51, which suggests the last value was 16.57% up since then. When we look at New Found Gold Corp’s average trading volume, we note the 10-day average is 0.69 million shares, with the 3-month average coming to 531.16K.
Analysts gave the New Found Gold Corp (NFGC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NFGC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. New Found Gold Corp’s EPS for the current quarter is expected to be 0.
New Found Gold Corp (AMEX:NFGC) trade information
Instantly NFGC was in red as seen at the end of in last trading. With action 3.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.55%, with the 5-day performance at 3.43% in the green. However, in the 30-day time frame, New Found Gold Corp (AMEX:NFGC) is 4.62% up. Looking at the short shares, we see there were 4.75 million shares sold at short interest cover period of 7.2 days.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -70.26%. The 2025 estimates are for New Found Gold Corp earnings to increase by 46.38%, but the outlook for the next 5-year period is at 60.76% per year.
NFGC Dividends
New Found Gold Corp is expected to release its next quarterly earnings report on 2024-Nov-11.
New Found Gold Corp (AMEX:NFGC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 42.92% of New Found Gold Corp shares while 5.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.36%. There are 5.34% institutions holding the New Found Gold Corp stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 2.7893% of the shares, roughly 5.34 million NFGC shares worth $15.06 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.2079% or 0.4 million shares worth $1.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were VanEck ETF Trust-VanEck Junior Gold Miners ETF and Invesco Gold & Special Minerals Fund . With 4.51 shares estimated at $8.17 million under it, the former controlled 2.25% of total outstanding shares. On the other hand, Invesco Gold & Special Minerals Fund held about 0.45% of the shares, roughly 900.0 shares worth around $1.63 million.
