New Found Gold Corp. (NFGC)Basic Materials | Gold | Vancouver, Canada | NYSE American
1.43 USD
-0.07
(-4.667%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:53 a.m. EDT
The investment case for New Found Gold is currently broken by a severe multi-year structural decline. Despite a recent equity offering and regulatory milestones like conditional approval for the TSX, the stock has lost over 82% of its value over the last four years, with the last two annual periods showing double-digit contractions. Fundamentals are deteriorating, with negative earnings, negative free cash flow, and operating margins in the red, while the balance sheet carries debt despite holding cash. The lack of any dividend history confirms this is a pure growth/speculative play that has failed to deliver. While the beta suggests high volatility could offer a bounce, the persistent failure to generate value and the heavy speculative positioning in puts suggest the market views the current price as a continuation of a downtrend rather than a bottom. Investors should avoid this security until the company demonstrates sustained profitability and a reversal in the multi-year price trajectory. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.092017 |
| AutoARIMA | 0.120709 |
| AutoETS | 0.120710 |
| MSTL | 0.121830 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 41% |
| H-stat | 0.18 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.623 |
| Excess Kurtosis | -0.68 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 0.416 |
| Revenue per Share | 0.064 |
| Market Cap | 549,238,016 |
| Forward P/E | -5.96 |
| Beta | 1.66 |
| Website | https://newfoundgold.ca |
As of July 11, 2026, 6:53 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by significant put volume and open interest relative to calls across multiple expirations. While there is notable open interest at distant strikes ($5.00), the immediate term shows a distinct bias toward selling insurance or hedging against further declines rather than betting on a rally. Implied volatility is elevated on the downside side, reflecting fear of continued underperformance.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.0625 |
| Address1 | 1,133 Melville Street |
| Address2 | Suite 3500 |
| All Time High | 12.0 |
| All Time Low | 0.926 |
| Ask | 0.0 |
| Ask Size | 4,900 |
| Average Daily Volume10 Day | 1,457,740 |
| Average Daily Volume3 Month | 1,693,657 |
| Average Volume | 1,693,657 |
| Average Volume10Days | 1,457,740 |
| Beta | 1.656 |
| Bid | 0.0 |
| Bid Size | 6,700 |
| Book Value | 0.8289237 |
| City | Vancouver |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.43 |
| Current Ratio | 2.893 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 1.48 |
| Day Low | 1.4 |
| Debt To Equity | 0.416 |
| Display Name | New Found Gold |
| Earnings Timestamp End | 1,786,046,400 |
| Earnings Timestamp Start | 1,786,046,400 |
| Ebitda | -66,835,628 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -7.593 |
| Enterprise To Revenue | 32.335 |
| Enterprise Value | 507,489,056 |
| Eps Forward | -0.24 |
| Eps Trailing Twelve Months | -0.17 |
| Esg Populated | 0 |
| Exchange | ASE |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.8092 |
| Fifty Day Average Change | -0.3792001 |
| Fifty Day Average Change Percent | -0.20959546 |
| Fifty Two Week Change Percent | -6.25 |
| Fifty Two Week High | 3.59 |
| Fifty Two Week High Change | -2.1599998 |
| Fifty Two Week High Change Percent | -0.6016713 |
| Fifty Two Week Low | 1.4 |
| Fifty Two Week Low Change | 0.029999971 |
| Fifty Two Week Low Change Percent | 0.021428552 |
| Fifty Two Week Range | 1.4 - 3.59 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,600,090,200,000 |
| Float Shares | 272,349,095 |
| Forward Eps | -0.24 |
| Forward P E | -5.958333 |
| Free Cashflow | -37,968,396 |
| Full Exchange Name | NYSE American |
| Full Time Employees | 131 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.09904 |
| Gross Profits | 1,554,484 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.29056 |
| Held Percent Institutions | 0.15594 |
| Implied Shares Outstanding | 384,082,549 |
| Industry | Gold |
| Industry Disp | Gold |
| Industry Key | gold |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,018 claims covering an area of 175,600 hectares located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. |
| Long Name | New Found Gold Corp. |
| Market | us_market |
| Market Cap | 549,238,016 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_547134851 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -57,744,224 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 549,191,782 |
| Number Of Analyst Opinions | 1 |
| Open | 1.48 |
| Operating Cashflow | -64,034,432 |
| Operating Margins | -1.8195599 |
| Payout Ratio | 0.0 |
| Phone | 604 631 3300 |
| Pre Market Change | -0.029999971 |
| Pre Market Change Percent | -2.0979002 |
| Pre Market Price | 1.4 |
| Pre Market Time | 1,784,021,195 |
| Previous Close | 1.5 |
| Price Hint | 4 |
| Price To Book | 1.7251285 |
| Price To Sales Trailing12 Months | 34.9949 |
| Profit Margins | 0.0 |
| Quick Ratio | 2.311 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.0700001 |
| Regular Market Change Percent | -4.66667 |
| Regular Market Day High | 1.48 |
| Regular Market Day Low | 1.4 |
| Regular Market Day Range | 1.4 - 1.48 |
| Regular Market Open | 1.48 |
| Regular Market Previous Close | 1.5 |
| Regular Market Price | 1.43 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,032,088 |
| Return On Assets | -0.14536999 |
| Return On Equity | -0.24931 |
| Revenue Per Share | 0.064 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Shares Outstanding | 384,082,549 |
| Shares Percent Shares Out | 0.0178 |
| Shares Short | 6,832,057 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 6,448,614 |
| Short Name | New Found Gold Corp |
| Short Ratio | 3.6 |
| Source Interval | 15 |
| State | BC |
| Symbol | NFGC |
| Target High Price | 5.0 |
| Target Low Price | 5.0 |
| Target Mean Price | 5.0 |
| Target Median Price | 5.0 |
| Total Cash | 43,437,176 |
| Total Cash Per Share | 0.113 |
| Total Debt | 1,688,184 |
| Total Revenue | 15,694,802 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.17 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.3212 |
| Two Hundred Day Average Change | -0.89119995 |
| Two Hundred Day Average Change Percent | -0.38393933 |
| Type Disp | Equity |
| Volume | 1,032,088 |
| Website | https://newfoundgold.ca |
| Zip | V6E 4E5 |