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An update from New Found Gold ( (TSE:NFG) ) is now available.
On November 5, 2025, New Found Gold Corp. announced that Maritime Resources Corp.’s securityholders approved an arrangement involving both companies, with 99.68% of Maritime Shareholders and 99.69% of Maritime Securityholders voting in favor. The arrangement, which aims to combine the two companies into an emerging Canadian gold producer, is pending final court and regulatory approvals, expected by November 13, 2025. Additionally, New Found Gold has strengthened its management team by appointing Jelena Novikov Fried as General Counsel and Corporate Secretary, bringing over 20 years of legal experience to the company.
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 gold exploration. It holds a 100% interest in the Queensway Gold Project in Newfoundland and Labrador, known for its district-scale potential and excellent infrastructure. The company is well-financed, with significant shareholder backing, including a 23.1% stake by Eric Sprott.
Average Trading Volume: 743,896
Technical Sentiment Signal: Hold
Current Market Cap: C$648.9M
Find detailed analytics on NFG stock on TipRanks’ Stock Analysis page.