New Found Gold Corp (AMEX:NFGC)’s traded shares stood at 0.4 million during the latest session, with the company’s beta value hitting 0.74. At the last check today, the stock’s price was $1.69, to imply a decrease of -2.31% or -$0.04 in intraday trading. The NFGC share’s 52-week high remains $4.15, putting it -145.56% down since that peak but still an impressive 10.65% since price per share fell to its 52-week low of $1.51. The company has a valuation of $336.16M, with an average of 0.69 million shares in intraday trading volume over the past 10 days and average of 541.07K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for New Found Gold Corp (NFGC), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give NFGC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
New Found Gold Corp (AMEX:NFGC) trade information
After registering a -2.31% downside in the latest session, New Found Gold Corp (NFGC) has traded red over the past five days. The 5-day price performance for the stock is -7.65%, and -11.05% over 30 days. With these gigs, the year-to-date price performance is -7.14%. Short interest in New Found Gold Corp (AMEX:NFGC) saw shorts transact 4.75 million shares and set a 7.2 days time to cover.
New Found Gold Corp (NFGC) estimates and forecasts
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -70.26% for the past 5-year period. While 2025 is set for a 46.38% return in earnings, projections for the next 5 years are at 60.76% annually.
NFGC Dividends
New Found Gold Corp has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
New Found Gold Corp (AMEX:NFGC)’s Major holders
New Found Gold Corp insiders hold 42.92% of total outstanding shares, with institutional holders owning 5.34% of the shares at 9.36% float percentage. In total, 5.34% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 5.34 million shares (or 2.7893% of shares), all amounting to roughly $15.06 million.
The next major institution holding the largest number of shares is MORGAN STANLEY with 0.4 million shares, or about 0.2079% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.13 million.
We also have VanEck Junior Gold Miners ETF and Invesco Gold & Special Minerals Fund as the top two Mutual Funds with the largest holdings of the New Found Gold Corp (NFGC) shares. Going by data provided on Jan 31, 2025, VanEck Junior Gold Miners ETF holds roughly 4.51 shares. This is just over 2.25% of the total shares, with a market valuation of $7.68 million. Data from the same date shows that the other fund manager holds a little less at 900.0, or 0.45% of the shares, all valued at about 1.53 million.
