Roth MKM analyst Mike Niehuser initiated coverage of New Found Gold with a Buy rating and $9 price target. The company’s Queensway Gold Project in Newfoundland has “significant exploration and development upside,” the analyst tells investors in a research note. The firm says the style of mineralization is similar to the world’s best gold mines and districts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NFGC:
- New Found Gold signs MOU with Maritime Resources for use of Pine Cove Mill
- New Found Gold begins Phase II 10,000m drill program at Queensway South
- New Found Gold announces results from five diamond drill holes at Iceberg
- St. James Gold signs letter of consent to enable New Found Gold seismic survey
- New Found Gold provides update on 3D seismic survey at Queensway Project
