Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
New Found Gold ( (TSE:NFG) ) has issued an update.
On September 15, 2025, New Found Gold Corp. announced significant changes to its executive team and board of directors. Dr. Andrew Furey, former Premier of Newfoundland and Labrador, was appointed as an independent Director. Additionally, Hashim Ahmed was named Chief Financial Officer, and Robert Assabgui was appointed Chief Operating Officer. These appointments are effective immediately, while Vijay Mehta stepped down as Director, and Michael Kanevsky, the outgoing CFO, will assist with the transition. These changes are expected to impact the company’s strategic direction and operational efficiency.
The most recent analyst rating on (TSE:NFG) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on New Found Gold stock, see the TSE:NFG Stock Forecast page.
Spark’s Take on TSE:NFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Neutral.
New Found Gold’s overall score reflects significant challenges typical for exploration companies, including lack of revenue and negative technical momentum. However, a strong equity position and promising corporate developments provide potential upside, making it a speculative investment with high risk and potential long-term reward.
To see Spark’s full report on TSE:NFG stock, click here.
More about New Found Gold
New Found Gold Corp. operates in the mining industry, focusing on the exploration and development of gold properties. The company is based in Vancouver, British Columbia, Canada, and is involved in identifying and advancing gold projects with a particular emphasis on the Newfoundland and Labrador region.
Average Trading Volume: 474,913
Technical Sentiment Signal: Hold
Current Market Cap: C$733.9M
For an in-depth examination of NFG stock, go to TipRanks’ Overview page.