Q2 EPS Estimates for New Found Gold Lowered by Roth Capital

Key Points

• Roth Capital has revised down its earnings estimates for New Found Gold Corp., forecasting Q2 2025 earnings of ($0.04) per share, down from the previous estimate of ($0.03).
• Institutional investors have significantly increased their holdings in New Found Gold, with Millennium Management LLC increasing its stake by 668.2% in the fourth quarter.
• New Found Gold's current trading price is $1.74, and the company's market capitalization stands at approximately $399.74 million.

New Found Gold Corp. (NYSE:NFGC - Free Report) - Analysts at Roth Capital cut their Q2 2025 earnings per share (EPS) estimates for shares of New Found Gold in a research note issued on Thursday, July 24th. Roth Capital analyst M. Niehuser now expects that the company will post earnings per share of ($0.04) for the quarter, down from their previous forecast of ($0.03). The consensus estimate for New Found Gold's current full-year earnings is ($0.19) per share. Roth Capital also issued estimates for New Found Gold's Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.18) EPS, Q1 2026 earnings at ($0.05) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.05) EPS and FY2026 earnings at ($0.20) EPS.

New Found Gold Trading Down 3.5%

Shares of NYSE:NFGC traded down $0.06 on Monday, reaching $1.52. The company had a trading volume of 137,483 shares, compared to its average volume of 963,258. The firm's 50 day simple moving average is $1.51 and its 200-day simple moving average is $1.49. New Found Gold has a 52-week low of $0.93 and a 52-week high of $3.19. The firm has a market capitalization of $350.12 million, a PE ratio of -6.89 and a beta of 1.29.

Hedge Funds Weigh In On New Found Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of New Found Gold in the 4th quarter valued at about $34,000. National Bank of Canada FI increased its stake in New Found Gold by 58.8% during the 4th quarter. National Bank of Canada FI now owns 41,182 shares of the company's stock worth $74,000 after buying an additional 15,256 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of New Found Gold in the fourth quarter valued at approximately $75,000. Bank of Montreal Can grew its position in shares of New Found Gold by 7.6% in the fourth quarter. Bank of Montreal Can now owns 85,430 shares of the company's stock valued at $154,000 after purchasing an additional 5,998 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of New Found Gold by 29.1% in the fourth quarter. Renaissance Technologies LLC now owns 667,053 shares of the company's stock valued at $1,214,000 after purchasing an additional 150,253 shares in the last quarter. Institutional investors and hedge funds own 3.43% of the company's stock.

About New Found Gold

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, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland.