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NFGCNew Found Gold Corp.
$1.66$392M
Overview & Verdict
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NFGC logoNew Found Gold Corp.(NFGC)Earnings, Financials & Key Ratios

NFGC•AMEX
$1.66
Price updated Jul 6, 2026
SectorBasic MaterialsIndustryGoldSub-IndustryEarly-stage gold explorers
AboutNew 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% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 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.Show more
  • Revenue$6M
  • EBITDA-$58M+2.1%
  • Net Income-$48M+5.4%
  • EPS (Diluted)-0.21+19.2%
  • Gross Margin2.04%
  • EBITDA Margin-1005.27%
  • Operating Margin-1019.53%
  • Net Margin-819.23%
  • ROE-19.6%+74.2%

NFGC Price & Volume

New Found Gold Corp. (NFGC) stock price & volume — 10-year historical chart

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Aggressive Exploration Spending Outpaces Revenue Generation Potential

Investment Thesis • Updated 2026Q1

VerdictNegative: The company's cash position has declined to $38.0M from a peak of $71.1M in 2025Q3
Growth:Mixed
Profitability:Negative
Financial:Adequate
Cash Flow:Burning
Primary Risk:Exploration Capital Depletion Risk

Key Thesis Takeaways

  • New Found Gold Corp.
  • remains a high-risk, pre-revenue exploration entity heavily reliant on the Queensway project to justify its current market valuation.
  • While the company has aggressively capitalized exploration costs to reach $255.8M in net PPE, the lack of a maiden NI 43-101 resource estimate leaves investors exposed to significant uncertainty regarding long-term economic viability.
  • Sustained negative free cash flow and a deteriorating cash position suggest that future equity dilution may be required to fund ongoing drilling operations.

Verdict Logic

indicating that the current burn rate is unsustainable without further capital infusion.

NFGC Growth Metrics

New Found Gold Corp. (NFGC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-13.8%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-1.15%

Return on Capital

10 Years-104.66%
5 Years-77.18%
3 Years-83.47%
Last Year-20.39%

NFGC Recent Earnings

New Found Gold Corp. (NFGC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 3/12 qtrs (60%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.06-100.0%
$0.03
Rev
$7M+197.8%
$2M
Q2 2026
Mar 25, 2026
Metric
Actual
Est
EPS
$0.04-100.0%
$0.02
Rev
$4M+67.7%
$3M
Q4 2025
Nov 7, 2025
Metric
Actual
Est
EPS
$0.08-166.7%
$0.03
Rev
$183,736-98.9%
$16M
Q3 2025
Aug 8, 2025
Metric
Actual
Est
EPS
$0.04-33.3%
$0.03
Rev
—
$48,844
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.06vs $0.03-100.0%
$7Mvs $2M+197.8%
Q2 2026Mar 25, 2026
$0.04vs $0.02-100.0%
$4Mvs $3M+67.7%
Q4 2025Nov 7, 2025
$0.08vs $0.03-166.7%
$183,736vs $16M-98.9%
Q3 2025Aug 8, 2025
$0.04vs $0.03-33.3%
—vs $48,844
Based on last 12 quarters of dataView full earnings history →

Latest NFGC News

Recent stock market news and headlines for New Found Gold Corp. (NFGC)

Newsfile Corp·Jun 29, 2026
New Found Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange

Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange (the "TSX") and graduate from the TSX Venture Exchange (the "TSXV"). Final approval of the listing is subject to the Company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before September 14, 2026.

Newsfile Corp·Jun 25, 2026
New Found Gold Announces Results of 2026 Annual General Meeting

Hires ICP as Market Maker Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) ("New Found Gold" or the "Company") is pleased to announce the results of the 2026 Annual General Meeting of its shareholders held in Toronto, ON, on June 25, 2026 (the "Meeting"). The Company's Board of Directors now comprises Paul Andre Huet, Keith Boyle, Tamara Brown, Chad Williams, Allen Palmiere and Andrew Furey.

Seeking Alpha·Jun 19, 2026
New Found Gold: Bright Future With Stable Spot Prices

New Found Gold is transitioning from exploration to a mid-tier Canadian gold producer, targeting commercial production at multiple properties within 18 months. NFGC's Hammerdown mine is operational, aiming for commercial production in H2 2026, but high AISC (~$2500/oz) makes profitability sensitive to gold price declines. Queensway Phase 1 is fully financed (C$220M), with permitting expected in Q4 2026 and production in late 2027; AISC is projected at $1256/oz, offering margin safety.

Seeking Alpha·Jun 19, 2026
New Found Gold: Still Risky, But No Longer Just A Drill Story

New Found Gold is transitioning from a speculative explorer to a potential developer, with recent acquisitions reducing execution risk. The Maritime acquisition, notably Pine Cove's permitted mill, offers a practical solution for ore processing and could catalyze a re-rating. Queensway's PEA economics are attractive, with phased capex minimizing dilution risk, but grade continuity and funding remain key uncertainties.

Peers Comparison

Key metrics vs top competitors for New Found Gold Corp. (NFGC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NFGC logoNFGCNew Found Gold Corp.Current
$1.66$391.88M-11.25—-819.23%-19.6%—
VZLA logoVZLAVizsla Silver Corp.
$3.27$1.14B-158.26——-31.4%—
GROY logoGROYGold Royalty Corp.
$2.79$489.35M-118.2254.51%-5.65%-0.18%—
AEM logoAEMAgnico Eagle Mines Limited
$154.94$77.48B17.4943.71%39.46%22.02%—
KGC logoKGCKinross Gold Corporation
$24.72$29.6B12.4239.34%36.04%33.95%—
EGO logoEGOEldorado Gold Corporation
$33.41$6.72B13.3139.93%28.71%13.69%—

Compare NFGC vs Peers

New Found Gold Corp. (NFGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VZLA

Most directly comparable listed peer for NFGC.

Scale Benchmark

vs CAT

Larger-name benchmark to compare NFGC against a more recognizable public peer.

Peer Set

Compare Top 5

vs VZLA, GROY, AEM, KGC

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NFGC Frequently Asked Questions

New Found Gold Corp. (NFGC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is New Found Gold Corp.'s revenue?

New Found Gold Corp. (NFGC) reported $12.9M in revenue for fiscal year 2025.

Is NFGC profitable?

New Found Gold Corp. (NFGC) reported a net loss of $52.4M for fiscal year 2025.

Dividend & Returns
What is NFGC's return on equity?

New Found Gold Corp. (NFGC) has a return on equity (ROE) of -19.6%. Negative ROE indicates the company is unprofitable.

What is New Found Gold Corp.'s free cash flow?

New Found Gold Corp. (NFGC) had negative free cash flow of $71.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in NFGC back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

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