In today’s recent session, 2.97 million shares of the New Found Gold Corp (AMEX:NFGC) have been traded, and its beta is 0.97. Most recently the company’s share price was $1.45, and it changed around $0.15 or 11.15% from the last close, which brings the market valuation of the company to $289.88M. NFGC at last check was trading at a discount to its 52-week high of $3.73, offering almost -157.24% off that amount. The share price’s 52-week low was $0.93, which indicates that the recent value has risen by an impressive 35.86% since then. We note from New Found Gold Corp’s average daily trading volume that its 10-day average is 2.03 million shares, with the 3-month average coming to 1.24 million.
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 (AMEX:NFGC) trade information
Instantly NFGC has been showing a green trend so far today with a performance of 11.15% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5000 on recent trading dayincreased the stock’s daily price by 3.33%. The company’s shares are currently down -20.60% year-to-date, but still up 15.60% over the last five days. On the other hand, New Found Gold Corp (AMEX:NFGC) is 23.50% up in the 30-day period. We can see from the shorts that 5.23 million shares have been sold at a short interest cover period of 7.27 day(s).
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 32.92% in 2025, but the outlook is positive 52.02% per year for the next five years.
NFGC Dividends
New Found Gold Corp’s next quarterly earnings report is expected to be released on 2025-May-11.
New Found Gold Corp (AMEX:NFGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 43.19% of New Found Gold Corp shares, and 6.15% of them are in the hands of institutional investors. The stock currently has a share float of 10.82%. New Found Gold Corp stock is held by 53.0 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.
The former held 4.38 shares worth $6.59 million, making up 2.18% of all outstanding shares.
