New Found Gold Corp. (NYSE:NFGC - Free Report) - Stock analysts at Roth Capital issued their Q1 2026 earnings estimates for shares of New Found Gold in a research report issued on Tuesday, July 8th. Roth Capital analyst M. Niehuser anticipates that the company will earn ($0.04) per share for the quarter. 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 Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at ($0.04) EPS and FY2026 earnings at ($0.15) EPS.
New Found Gold Stock Performance
Shares of NYSE NFGC traded up $0.08 during midday trading on Wednesday, hitting $1.42. 265,070 shares of the company's stock traded hands, compared to its average volume of 782,736. The stock has a market capitalization of $325.08 million, a price-to-earnings ratio of -6.43 and a beta of 1.29. The firm has a fifty day moving average of $1.38 and a 200 day moving average of $1.51. New Found Gold has a 1 year low of $0.93 and a 1 year high of $3.65.
Hedge Funds Weigh In On New Found Gold
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in New Found Gold in the 4th quarter worth approximately $34,000. XTX Topco Ltd purchased a new stake in New Found Gold in the 1st quarter worth approximately $25,000. National Bank of Canada FI increased its holdings in New Found Gold by 58.8% in the 4th quarter. National Bank of Canada FI now owns 41,182 shares of the company's stock worth $74,000 after acquiring an additional 15,256 shares in the last quarter. Aristides Capital LLC purchased a new stake in New Found Gold in the 4th quarter worth approximately $75,000. Finally, Virtu Financial LLC purchased a new stake in New Found Gold in the 1st quarter worth approximately $52,000. 3.43% of the stock is currently owned by hedge funds and other institutional investors.
New Found Gold Company Profile
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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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