New Found Gold Corp. Expands Queensway Project and Acquires Maritime Resources

New Found Gold ( (TSE:NFG) ) just unveiled an update.

On November 7, 2025, New Found Gold Corp. announced the filing of its third-quarter financial statements for the period ending September 30, 2025. The company also granted stock options and restricted share units to certain officers and employees, reflecting its ongoing commitment to incentivize its workforce. Recent strategic moves include acquiring additional mineral claims adjacent to its Queensway Project, potentially increasing its size by 33%, and the approval of an arrangement to acquire Maritime Resources Corp., which could enhance its market position and operational capabilities.

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. is an advanced-stage exploration company focused on the Queensway Gold Project in Newfoundland and Labrador, Canada. The company is well-financed, with a strong shareholder base, including cornerstone investor Eric Sprott, and is committed to growth and value creation through its exploration activities.

Average Trading Volume: 749,952

Technical Sentiment Signal: Hold

Current Market Cap: C$665.9M

See more data about NFG stock on TipRanks’ Stock Analysis page.