In today’s recent session, 2.81 million shares of the New Found Gold Corp (AMEX:NFGC) have been traded, and its beta is 0.76. Most recently the company’s share price was $1.16, and it changed around -$0.43 or -26.73% from the last close, which brings the market valuation of the company to $231.73M. NFGC at last check was trading at a discount to its 52-week high of $4.15, offering almost -257.76% off that amount. The share price’s 52-week low was $1.51, which indicates that the recent value has fallen by an impressive -30.17% since then. We note from New Found Gold Corp’s average daily trading volume that its 10-day average is 0.76 million shares, with the 3-month average coming to 565.97K.
New Found Gold Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NFGC as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. New Found Gold Corp is expected to report earnings per share of 0 for the current quarter.
New Found Gold Corp (AMEX:NFGC) trade information
Instantly NFGC has been showing red trend so far today with a performance of -26.73% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.8200 on recent trading dayincreased the stock’s daily price by 36.26%. The company’s shares are currently down -35.99% year-to-date, but still down -35.64% over the last five days. On the other hand, New Found Gold Corp (AMEX:NFGC) is -34.92% down in the 30-day period. We can see from the shorts that 4.75 million shares have been sold at a short interest cover period of 7.2 day(s).
New Found Gold Corp (NFGC) estimates and forecasts
Forecasts for the next quarter put sales growth at 0.00%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.73%. New Found Gold Corp earnings are expected to increase by 46.38% in 2025, but the outlook is positive 60.76% per year for the next five years.
New Found Gold Corp (AMEX:NFGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 42.92% of New Found Gold Corp shares, and 5.34% of them are in the hands of institutional investors. The stock currently has a share float of 9.36%. New Found Gold Corp stock is held by 57.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 2.7893% of the shares, which is about 5.34 million shares worth $15.06 million.
MORGAN STANLEY, with 0.2079% or 0.4 million shares worth $1.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck Junior Gold Miners ETF and Invesco Gold & Special Minerals Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 4.33 shares worth $4.98 million, making up 2.16% of all outstanding shares. On the other hand, Invesco Gold & Special Minerals Fund held roughly 900.0 shares worth around $1.04 million, which represents about 0.45% of the total shares outstanding.
