New Found Gold Corp. (NYSE:NFGC - Free Report) - Stock analysts at Roth Capital upped their Q2 2025 earnings estimates for shares of New Found Gold in a note issued to investors on Tuesday, July 8th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of ($0.03) per share for the quarter, up from their prior forecast of ($0.06). 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 ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.13) EPS.
New Found Gold Stock Up 10.0%
Shares of NFGC stock traded up $0.14 during trading hours on Thursday, reaching $1.54. 1,218,632 shares of the stock traded hands, compared to its average volume of 786,999. The firm has a market capitalization of $353.80 million, a PE ratio of -7.00 and a beta of 1.29. New Found Gold has a 1-year low of $0.93 and a 1-year high of $3.65. The business has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.50.
Institutional Trading of New Found Gold
Several large investors have recently added to or reduced their stakes in the company. Sprott Inc. boosted its holdings in shares of New Found Gold by 817.7% during the first quarter. Sprott Inc. now owns 898,400 shares of the company's stock worth $1,080,000 after purchasing an additional 800,500 shares during the period. Millennium Management LLC increased its position in New Found Gold by 668.2% in the 4th quarter. Millennium Management LLC now owns 728,567 shares of the company's stock worth $1,323,000 after purchasing an additional 633,722 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of New Found Gold by 29.4% during the 4th quarter. Marshall Wace LLP now owns 693,533 shares of the company's stock valued at $1,262,000 after buying an additional 157,749 shares during the last quarter. Renaissance Technologies LLC increased its holdings in New Found Gold by 29.1% in the fourth quarter. Renaissance Technologies LLC now owns 667,053 shares of the company's stock worth $1,214,000 after buying an additional 150,253 shares during the last quarter. Finally, Bank of America Corp DE raised its position in New Found Gold by 25.9% during the fourth quarter. Bank of America Corp DE now owns 636,712 shares of the company's stock valued at $1,159,000 after acquiring an additional 130,995 shares in the last quarter. 3.43% of the stock is owned by institutional investors and hedge funds.
About New Found Gold
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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.
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