Shares of New Found Gold Corp. (NYSE:NFGC - Get Free Report) saw strong trading volume on Monday . 138,621 shares were traded during mid-day trading, a decline of 52% from the previous session's volume of 289,533 shares.The stock last traded at $3.83 and had previously closed at $3.88.
Analyst Ratings Changes
Separately, Roth Mkm upped their price target on shares of New Found Gold from $8.50 to $9.00 and gave the stock a "buy" rating in a research report on Monday, April 8th.
Check Out Our Latest Stock Analysis on New Found Gold
New Found Gold Stock Performance
The stock has a market capitalization of $706.58 million, a P/E ratio of -11.27 and a beta of 1.22. The firm's fifty day simple moving average is $3.48 and its 200 day simple moving average is $3.58.
New Found Gold (NYSE:NFGC - Get Free Report) last posted its earnings results on Thursday, March 21st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Analysts anticipate that New Found Gold Corp. will post -0.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On New Found Gold
Institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in New Found Gold during the fourth quarter valued at approximately $38,000. Prelude Capital Management LLC bought a new position in shares of New Found Gold during the fourth quarter valued at $43,000. 1832 Asset Management L.P. bought a new position in shares of New Found Gold during the fourth quarter valued at $88,000. Van ECK Associates Corp increased its holdings in shares of New Found Gold by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 4,805,915 shares of the company's stock valued at $16,948,000 after acquiring an additional 348,520 shares in the last quarter. Finally, Sprott Inc. bought a new stake in New Found Gold in the 3rd quarter worth about $52,000. 3.43% of the stock is owned by hedge funds and other institutional investors.
About New Found Gold
(
Get Free Report)
New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 94 mineral licenses and 6,649 claims covering an area of 166,225 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario.
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