New Found Gold Corp (AMEX:NFGC) does about 1.33M shares in volume on a normal day but saw 2244972 shares change hands in the recent trading day. The company now has a market cap of 321.22M USD. Its current market price is $1.60, marking an increase of 4.58% compared to the previous close of $1.53. The 52 week high reached by this stock is $3.65 whilst the lowest price level in 52 weeks is $0.93.
The consensus objective for the share price is $3.26, suggesting that the stock has a potential upside of 50.92% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 15, 2023 when ROTH MKM initiated the stock to “Buy” and issued a price target of $9.
The current price level is 25.59%, 31.71%, and -14.90% away from its SMA20, SMA50, and SMA200 respectively, with the NFGC price moving below the 50-day SMA on current market day. New Found Gold Corp (NFGC) stock is up 22.14% over the week and 46.79% over the past month. Its price is -12.09% year-to-date and -56.40% over the past year.
To reach the target analysts have set, the stock logically needs to grow 50.92 percent from here.
Outstanding shares total 200.61M with insiders holding 43.19% of the shares and institutional holders owning 6.15% of the company’s common stock. The company has a return on investment of -82.61% and return on equity of -75.61%. The beta has a value of 1.06. Price to book ratio is 8.01.
