NFGC

Company Overview — What Does New Found Gold Corp. Do?

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% interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,025 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. 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. New Found Gold Corp. (NFGC) is classified as a small-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Collin Kettell. With a market capitalization of $697M, NFGC is one of the notable companies in the Materials sector.

New Found Gold Corp. (NFGC) Stock Rating — Reduce (April 2026)

As of April 2026, New Found Gold Corp. receives a Reduce rating with a composite score of 40.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.NFGC ranks #3,096 out of 4,446 stocks in our coverage universe. Within the Materials sector, New Found Gold Corp. ranks #221 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NFGC Stock Price and 52-Week Range

New Found Gold Corp. (NFGC) currently trades at $2.04. The stock lost $0.05 (2.4%) in the most recent trading session. The 52-week high for NFGC is $3.59, which means the stock is currently trading -43.2% from its annual peak. The 52-week low is $0.93, putting the stock 120.4% above its annual trough. Recent trading volume was 1.0M shares, reflecting moderate market activity.

Is NFGC Overvalued or Undervalued? — Valuation Analysis

New Found Gold Corp. (NFGC) carries a value factor score of 31/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 14.41x, versus the sector average of 2.83x. The price-to-sales ratio is 27.52x, compared to 0.74x for the average Materials stock.

At current multiples, New Found Gold Corp. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

New Found Gold Corp. Profitability — ROE, Margins, and Quality Score

New Found Gold Corp. (NFGC) earns a quality factor score of 29/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -302.0%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -271.6% versus the sector average of 0.6%.

On a margin basis, New Found Gold Corp. reports gross margins of 100.0%, compared to 29.8% for the sector. The operating margin is -567.8% (sector: 6.0%). Net profit margin stands at -576.7%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NFGC Debt, Balance Sheet, and Financial Health

New Found Gold Corp. has a debt-to-equity ratio of 0.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $48,139. Cash and equivalents stand at $15M.

NFGC has a beta of 0.61, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for New Found Gold Corp. is 41/100, reflecting average volatility within the normal range for its sector.

New Found Gold Corp. Revenue and Earnings History — Quarterly Trend

In TTM 2026, New Found Gold Corp. reported revenue of $6M. Net income for the quarter was $-35M. Gross margin was 100.0%. Operating income came in at $-34M.

In FY 2024, New Found Gold Corp. reported revenue of $6M. Net income for the quarter was $-35M. Gross margin was 100.0%. Revenue grew -63.6% year-over-year compared to FY 2023. Operating income came in at $-34M.

In FY 2023, New Found Gold Corp. reported revenue of $17M. Net income for the quarter was $-61M. Gross margin was 100.0%. Revenue grew 874.4% year-over-year compared to FY 2022. Operating income came in at $-60M.

In FY 2022, New Found Gold Corp. reported revenue of $-2M. Net income for the quarter was $-67M. Revenue grew -186.8% year-over-year compared to FY 2021. Operating income came in at $-66M.

Over the past 6 quarters, New Found Gold Corp. has demonstrated a growth trajectory, with revenue expanding from $-530,896 to $6M. Investors analyzing NFGC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NFGC Dividend Yield and Income Analysis

New Found Gold Corp. (NFGC) does not currently pay a dividend. This is common among smaller companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

NFGC Momentum and Technical Analysis Profile

New Found Gold Corp. (NFGC) has a momentum factor score of 41/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 63/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 66/100 reflects moderate short selling activity.

NFGC vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, New Found Gold Corp. (NFGC) ranks #221 out of 284 stocks based on the Blank Capital composite score. This places NFGC in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing NFGC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NFGC vs S&P 500 (SPY) comparison to assess how New Found Gold Corp. stacks up against the broader market across all factor dimensions.

NFGC Next Earnings Date

No upcoming earnings date has been announced for New Found Gold Corp. (NFGC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NFGC? — Investment Thesis Summary

The quantitative profile for New Found Gold Corp. suggests caution. The quality score of 29/100 flags below-average profitability. The value score of 31/100 indicates premium valuation.

In summary, New Found Gold Corp. (NFGC) earns a Reduce rating with a composite score of 40.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NFGC stock.

Related Resources for NFGC Investors

Explore more research and tools: NFGC vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NFGC head-to-head with peers: NFGC vs CF, NFGC vs NTR, NFGC vs UAN.