NFGC Stock Price, Analysis & Fundamentals

Analysis

New Found Gold Corp. is a company within the Basic Materials sector and Gold industry, with a market capitalization of $1.05B. The company has 62 employees. The financial health of New Found Gold Corp. reveals significant losses. Net income (TTM) was -$45,853,032, EBITDA was -$54,247,464, and Free Cash Flow was -$23,477,184. The gross margin, operating margin, and profit margin were all 0.0%. Returns on equity and assets were -50.9% and -32.7%, respectively. The company has a debt-to-equity ratio of 0.07 and a cash position of $71.68M. The valuation context for New Found Gold Corp. includes a forward P/E ratio of -12.83, an EV/EBITDA of -12.37, and a price to book ratio of 10.15. The company's beta is 1.93, indicating significant volatility compared to the market.

This analysis is AI-generated for informational purposes only and should not be considered financial advice. Data may be delayed or inaccurate. Always do your own research and consult a qualified financial advisor before making investment decisions.

About New Found Gold Corp.

New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located near Gander, Newfoundland; the Kingsway project located in Gander, Newfoundland; and the Mustang Property consisting of 3 mineral licenses. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

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About New Found Gold Corp.

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