Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
-813.65K | -940.21K | -880.40K | -582.93K | -129.96K | -12.49K | EBIT |
-60.32M | -103.47M | -88.72M | -56.66M | -38.35M | -3.93M | EBITDA |
-48.83M | -102.04M | -89.09M | -50.05M | -32.40M | -4.01M | Net Income Common Stockholders |
-50.27M | -79.89M | -109.63M | -57.27M | -34.31M | -4.02M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
53.54M | 57.48M | 89.64M | 132.43M | 68.82M | 7.45M | Total Assets |
79.03M | 84.58M | 110.69M | 148.06M | 73.54M | 9.36M | Total Debt |
137.58K | 157.80K | 150.23K | 100.85K | 53.20K | 0.00 | Net Debt |
-50.11M | -53.73M | -82.02M | -100.38M | -47.68M | -7.34M | Total Liabilities |
14.61M | 19.08M | 27.21M | 25.40M | 635.08K | 392.85K | Stockholders Equity |
64.42M | 65.50M | 83.47M | 122.65M | 72.90M | 8.96M |
Cash Flow | Free Cash Flow | ||||
-59.96M | -100.99M | -79.94M | -53.94M | -14.76M | -2.96M | Operating Cash Flow |
-55.53M | -99.27M | -74.38M | -48.51M | -13.22M | -2.65M | Investing Cash Flow |
-3.16M | -4.44M | -737.87K | -17.07M | -1.59M | -26.58K | Financing Cash Flow |
27.12M | 75.43M | 56.80M | 118.34M | 55.20M | 9.69M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | C$631.55M | 6.53 | 27.12% | ― | 6.15% | 10.69% | |
57 Neutral | C$53.83M | 30.77 | 4.96% | ― | ― | ― | |
49 Neutral | $1.96B | -1.17 | -21.28% | 3.71% | 1.14% | -30.35% | |
43 Neutral | $365.11M | ― | -76.48% | ― | ― | 41.94% | |
39 Underperform | C$40.06M | ― | -108.81% | ― | ― | -4.84% | |
34 Underperform | C$3.75M | ― | -188.34% | ― | ― | 83.95% |
New Found Gold has announced promising new drill results from its Queensway Gold Project, indicating significant gold mineralization at depth in areas outside the initial mineral resource estimate. The company’s deep drilling program has successfully identified new high-grade zones at both the Dome and Keats South Deep zones, suggesting substantial potential for resource expansion and enhancing the project’s depth potential. These findings could positively impact the company’s operational growth and strengthen its position in the gold exploration market.
Spark’s Take on TSE:NFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Neutral.
New Found Gold’s stock score reflects challenges typical of a pre-revenue exploration company, including financial instability and negative technical momentum. However, promising corporate developments at the Queensway Project provide potential upside. The company’s strong equity position and low leverage are positive, but liquidity concerns and reliance on external financing remain key risks. While current valuation metrics are weak, the stock represents a speculative investment with high risk and potential long-term reward.
To see Spark’s full report on TSE:NFG stock, click here.
New Found Gold Corp. has released an overview and plans for its Queensway Gold Project, highlighting a significant initial mineral resource estimate with 70% of resources in the indicated category. The company is advancing its preliminary economic assessment, aiming for high-grade starter pits and potential project expansion, with a fully funded PEA and ongoing drilling campaigns to further explore and expand the resource base.
Spark’s Take on TSE:NFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Underperform.
New Found Gold’s stock score reflects significant challenges due to a lack of revenue, resulting in financial instability and negative momentum. However, promising corporate events offer potential upside, making it a speculative investment with high risk and potential future reward.
To see Spark’s full report on TSE:NFG stock, click here.
New Found Gold Corp. announced key management changes with the appointment of Dr. Fiona Childe as Vice President of Communications and Corporate Development, Dr. Jared Saunders as Vice President of Sustainability, and Robert Assabgui as Study Manager. These strategic appointments come as the company prepares for significant milestones, such as the maiden mineral resource estimate and preliminary economic assessment of the Queensway Project. Additionally, there are significant leadership changes with the resignation of COO Greg Matheson, who will transition to an advisory role, and CDO Ron Hampton stepping down, signaling a period of strategic realignment for the company.
New Found Gold Corp. announced significant high-grade gold intercepts from their drilling program at the Dropkick Zone within the Kingsway property, part of the Queensway Project. The results, including 89.5 g/t Au over 5.85m and 26.2 g/t Au over 16.15m, highlight the potential expansion of the gold mineral system along the Appleton Fault Zone. This discovery marks a pivotal development for the company, indicating substantial growth opportunities and enhancing its exploration strategy. The company is also advancing its maiden resource estimate and preliminary economic assessment for the Queensway Project, with results expected by early Q2 2025, underscoring the project’s economic potential and strategic importance.