(NFGC) New Found Gold - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 734m USD | Total Return: 37% in 12m
Avg Turnover: 2.62M
Qual. Beats: -1
Qual. Beats: 1
Warnings
Share dilution 18.1% YoY
Interest Coverage Ratio -286.5 is critical
Altman Z'' 0.64 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
New Found Gold Corp. (NFGC) is a Canadian mineral exploration company focused on gold deposits in Newfoundland and Labrador. Its primary operations center on the 100% owned Queensway and Kingsway projects, which encompass over 175,000 hectares near Gander. Originally incorporated as Palisade Resources Corp., the firm rebranded in 2017 and maintains its headquarters in Vancouver.
The company operates within the junior mining sector, a high-risk business model that focuses on the discovery and definition of resources rather than active production. Exploration-stage firms typically rely on equity financing to fund geological surveys and drill programs before seeking a buyout or joint venture with a senior producer. Investors can review more detailed technical assessments and historical performance metrics on ValueRay.
- Drill result assays from the Queensway project dictate immediate market valuation
- High-grade gold discovery consistency at Gander attracts major mining partner interest
- Capital market liquidity and equity financing terms impact exploration project funding
- Global gold price fluctuations determine the economic feasibility of future extraction
- Regulatory approval timelines for Newfoundland mineral extraction affect long-term development prospects
| Net Income: -52.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.14 > 0.02 and ΔFCF/TA 75.83 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.12 > 3% & CFO -64.1m > Net Income -52.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (236.7m) vs 12m ago 18.06% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 4.42% > 50% (prev 0.0%; Δ 4.42% > 0%) |
| Interest Coverage Ratio: -286.5 > 6 (EBITDA TTM -51.0m / Interest Expense TTM 181k) |
| A: 0.08 (Total Current Assets 61.3m - Total Current Liabilities 21.2m) / Total Assets 522.6m |
| B: -0.72 (Retained Earnings -376.9m / Total Assets 522.6m) |
| C: -0.18 (EBIT TTM -51.9m / Avg Total Assets 292.1m) |
| D: 3.51 (Book Value of Equity 406.6m / Total Liabilities 116.0m) |
| Altman-Z'' = 0.64 = B |
As of May 29, 2026, the stock is trading at USD 2.00 with a total of 1,109,256 shares traded.
Over the past week, the price has changed by +1.52%,
over one month by +2.56%,
over three months by -28.83% and
over the past year by +36.99%.
New Found Gold has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NFGC.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5 | 150% |
Market Cap CAD = 1.01b (733.6m USD * 1.3781 USD.CAD)
P/E Forward = 11.7509
P/S = 46.252
P/B = 2.461
Revenue TTM = 12.9m CAD
EBIT TTM = -51.9m CAD
EBITDA TTM = -51.0m CAD
Long Term Debt = 1.01m CAD (from longTermDebt, last quarter)
Short Term Debt = 326k CAD (from shortTermDebt, last quarter)
Debt = 2.22m CAD (from shortLongTermDebtTotal, last quarter) + Leases 532k
Net Debt = -41.3m CAD (calculated: Debt 2.22m - CCE 43.5m)
Enterprise Value = 969.6m CAD (1.01b + Debt 2.22m - CCE 43.5m)
Interest Coverage Ratio = -286.5 (Ebit TTM -51.9m / Interest Expense TTM 181k)
EV/FCF = -13.52x (Enterprise Value 969.6m / FCF TTM -71.7m)
FCF Yield = -7.39% (FCF TTM -71.7m / Enterprise Value 969.6m)
FCF Margin = -555.1% (FCF TTM -71.7m / Revenue TTM 12.9m)
Net Margin = -405.5% (Net Income TTM -52.4m / Revenue TTM 12.9m)
Gross Margin = -60.70% ((Revenue TTM 12.9m - Cost of Revenue TTM 20.8m) / Revenue TTM)
Gross Margin QoQ = -114.7% (prev 12.07%)
Tobins Q-Ratio = 1.86 (Enterprise Value 969.6m / Total Assets 522.6m)
Interest Expense / Debt = 8.14% (Interest Expense 181k / Debt 2.22m)
Taxrate = 21.0% (US default 21%)
NOPAT = -41.0m (EBIT -51.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.89 (Total Current Assets 61.3m / Total Current Liabilities 21.2m)
Debt / Equity = 0.01 (Debt 2.22m / totalStockholderEquity, last quarter 406.6m)
Debt / EBITDA = 0.81 (negative EBITDA) (Net Debt -41.3m / EBITDA -51.0m)
Debt / FCF = 0.58 (negative FCF - burning cash) (Net Debt -41.3m / FCF TTM -71.7m)
Total Stockholder Equity = 254.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.93% (Net Income -52.4m / Total Assets 522.6m)
RoE = -8.29% (Net Income TTM -52.4m / Total Stockholder Equity 631.6m)
RoCE = -8.20% (EBIT -51.9m / Capital Employed (Equity 631.6m + L.T.Debt 1.01m))
RoIC = -8.94% (negative operating profit) (NOPAT -41.0m / Invested Capital 458.2m)
WACC = 9.46% (E(1.01b)/V(1.01b) * Re(9.47%) + D(2.22m)/V(1.01b) * Rd(8.14%) * (1-Tc(0.21)))
Discount Rate = 9.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.39 | Cagr: 11.07%
[DCF] Fair Price = unknown (Cash Flow -71.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.78 | # QB: -1
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 4.0 | # QB: 1