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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3055
Positioning
Market Dominance
Mining
Precious Metals
$340M
Collin Kettell
New Found Gold Corp. engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It holds 100% interest in the Queensway project, which covers an area of 151,025 hectares of land near Gander, Newfoundland; and the Lucky Strike project in Kirkland Lake, Ontario.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$VALE Vale S.A. | 75 | 88 | 93 | 67 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$SU SUNCOR ENERGY INC | 74 | 87 | 90 | 53 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TRX TRX GOLD Corp | 72 | 83 | 77 | 96 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ORLA Orla Mining Ltd. | 72 | 94 | 83 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$KGC KINROSS GOLD CORP | 71 | 83 | 89 | 79 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AEM AGNICO EAGLE MINES LTD | 71 | 80 | 80 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$RIO RIO TINTO PLC | 70 | 76 | 84 | 64 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$IAG IAMGOLD CORP | 70 | 71 | 82 | 89 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NGD New Gold Inc. /FI | 70 | 76 | 67 | 92 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PDS PRECISION DRILLING Corp | 70 | 77 | 90 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NFGC New Found Gold Corp. | 44 | 35 | 13 | 61 | - | - | -302.0% | -271.6% | 100.0% | -567.8% | -576.7% | -63.5% | 0.0% | 0.0x | $340M | ||
| SECTOR BENCH | - | - | - | - | - | 13.7x | 5.2x | 4.3% | 3.9% | 45.8% | 7.6% | 5.8% | 0.1% | 0.0% | 0.3x | - | REF |
New Found Gold Corp. (NFGC) receives a "Reduce" rating with a composite score of 43.5/100. It ranks #3055 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Average quality profile
Average volatility — neutral timing signal
Conservative, efficient capex — capital discipline signals management quality
Mid-range overall rating
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Relative valuation derived from Mining sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for NFGC.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 35 | 31 | +4NEUTRAL |
| MOMENTUM | 61 | 65 | -4NEUTRAL |
| VALUATION | 13 | 6 | +7ALPHA |
| INVESTMENT | 66 | 99 | -33DRAG |
| STABILITY | 38 | 33 | +5NEUTRAL |
| SHORT INT | 70 | 85 | -15DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -302.0% (sector 4.3%)
GM 100% vs sector 46%, OM -568% vs sector 8%
Capital turnover N/A, R&D intensity 8.2%
Rev growth -64%, 4yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate New Found Gold Corp. (NFGC) as a Reduce with a composite score of 43.5/100 at a current price of $2.83. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
New Found Gold Corp. holds a top-quartile position (#0 of 50) within the Mining sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 43.5/100 places it at rank #3055 in our full universe.
The near-term outlook is constructive, with revenue growing at -64% and momentum in the 61th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
No Moat
High
Poor
Fair Value
Gross margins of 100% signal strong pricing power.
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
New Found Gold Corp. represents a reduce based on multi-factor quantitative performance.
New Found Gold Corp. receives a Reduce rating from our analysis, with a composite score of 43.5/100 and 2 out of 5 stars, ranking #3055 out of 7,333 stocks. NFGC's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
NFGC's quality score of 35/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -302.0% (sector avg: 4.3%), gross margins of 100.0% (sector avg: 45.8%), net margins of -576.7% (sector avg: 5.8%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
NFGC registers a value score of just 13/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 19.94x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
NFGC shows a solid investment score of 66/100, reflecting measured but productive capital allocation. Key growth metrics include revenue growth of -63.5% vs. a sector average of 0.1% and a return on assets of -271.6% (sector: 3.9%). This suggests the company is investing at an appropriate level to sustain growth without overextending its balance sheet.
NFGC demonstrates moderate momentum with a score of 61/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at -63.5% year-over-year, while a beta of 0.96 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
NFGC's stability score of 38/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.96 and a debt-to-equity ratio of 0.00x (sector avg: 0.3x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
NFGC carries a short interest score of 70/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include small-cap liquidity risk. At $340M market cap (small-cap), New Found Gold Corp. offers reasonable institutional liquidity.
New Found Gold Corp. is a small-cap company in the Mining sector, ranked #0 of 50 in its sector (100th percentile) and #3055 of 7,333 overall (58th percentile). Key comparisons include ROE of -302.0% trailing the 4.3% sector median and operating margins of -567.8% below the 7.6% sector average. This top-quartile standing reflects exceptional competitive strength relative to Mining peers.
While NFGC currently exhibits a REDUCE profile, superior opportunities exist within the MINING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Mining Alpha →Quant Factor Profile
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Improvement in Value (13) would have the largest impact on the composite score.
ROE 7124% BELOW SECTOR MEDIAN
Gross Margin 118% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 7601% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Palisades Goldcorp Ltd. (TSXV: PALI) (the "Company" or "Palisades") is pleased to announce that its subsidiary, Made in America Gold Corp. ("MIAG"), has successfully completed the acquisition of Undercover Gold Inc. ("Undercover"), for the South Cortez and South Tonkin properties. Undercover was founded by NewQuest Capital Inc. ("NewQuest") which is led by an industry-recognized exploration team that has structured numerous earn-in joint venture deals with major mining companies across a global
Dundee Corporation has acquired 36,722,569 common shares and 7,655,829 warrants of New Found Gold Corp., representing approximately 10.88% ownership on an undiluted basis and 12.86% on a partially diluted basis.
On January 26, 2026, New Found Gold Corp. (NYSE:NFGC) entered into a Phase 1 EPCM contract with WSP Canada Inc.
New Found Gold reported positive drill results from its 2025 Work Program at the Queensway Gold Project in Newfoundland, Canada, highlighting high-grade gold mineralization at the Keats West Zone with multiple significant gold intercepts.