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New Found Gold Corp (NFGC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of New Found Gold Corp stock $0.31, price $1.72, that is 81.7% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials US · Home Canada · ISIN CA64440N1033

NF New Found Gold Corp logo Thin data Nov 8, 2026

New Found Gold Corp

NFGC · US
Very expensive, weak quality

Our calculation puts a fair price 82% below what the stock costs today.

Profit last quarter 78% below a year ago.
Fair value $0.3145 · Strongly overvalued
Quality 29/100
Weak Growth
Loss-making · -185.4% net margin (TTM)
Negative free cash flow
Trails peers (1/9)
Narrow moat 9/100
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$8.63 $0.9700 Fair Value $0.3145 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $0.9700 – $8.63 · fair‑value band $0.2295 – $0.4675 · the $1.72 price screens above the $0.3145 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

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.

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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.

Stock analysis

New Found Gold Corp (NFGC) currently trades at $1.72, while our model-based Fair Value estimate is $0.3145, 82% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: $0.2295 (bear) to $0.4675 (bull), the price of $1.72 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

New Found Gold Corp reported revenue of C$5.8M in FY2025 versus C$0 in FY2021. Reported net income was −C$47.6M in FY2025.

Key figures

Market cap $661M Small · P/S ratio 21.0 · EPS (TTM) $−0.1700 · Return on equity −19.4% · Return on assets (EBIT) −61.7% (5-year average) · Operating margin −110% · EPS growth (YoY) −77.8% · Free cash flow −C$56.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −82%, NFGC screens richer than that median.

Fair Value models

Bear $0.2295 Fair Value $0.3145 Bull $0.4675
Price $1.72 · Downside -81.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) $0.2700 $0.3700 $0.5500 51
All 1 models by family
Asset-Based
NCAV (Graham) $0.2700 $0.3700 $0.5500 51

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 78
Are margins and returns getting better?
Cashflow 15
Do the profits arrive as real cash?
Financial strength 74
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 9
How calm the share price moves, does not count
Price momentum 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 20
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

NFGC screens overvalued: fair value 82% below the price. Compare with Newmont Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 205 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −81.7% · Bottom 25%
Profitability
Return on assets −8.9% · Bottom 25%
Net margin (12 months) −185.4% · Bottom 25%
Operating margin (12 months) −109.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 2.23× · Cheaper than median
P/S (12 months) 29.69× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $191.57 $220.07 +15% vs NFGC
Newmont Corporation NEM $120.91 $133.00 +10% vs NFGC
AngloGold Ashanti plc AU $92.99 $88.58 −5% vs NFGC
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs NFGC
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs NFGC
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs NFGC
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs NFGC
Northern Star Resources Limited NST A$25.85 A$16.87 −35% vs NFGC
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs NFGC
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs NFGC

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New Found Gold Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "New Found Gold Corp Fair Value". https://www.fairvalue-calculator.com/stock/NFGC

Frequently asked questions

Is New Found Gold Corp (NFGC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $0.3145 versus a price of $1.72, about 82% lower (overvalued).
What is the fair value of NFGC?
Our model-based fair value for New Found Gold Corp is $0.3145 (as of Nov 8, 2026), built from audited fundamentals. The current price: $1.72.
What is the quality score of NFGC?
New Found Gold Corp has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for New Found Gold Corp (NFGC)?
Our model-based price target is the fair value of $0.3145 (as of Nov 8, 2026) from 1 valuation models. Cautious scenario $0.2295, optimistic scenario $0.4675. It is a calculation from audited fundamentals, not an analyst target.
What is the New Found Gold Corp stock forecast for 2026?
Our models put fair value at $0.3145, about 82% lower versus a price of $1.72 (overvalued). Cautious scenario $0.2295, optimistic scenario $0.4675. The calculation is refreshed regularly with new filings.
What is the intrinsic value of New Found Gold Corp (NFGC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New Found Gold Corp it is $0.3145 per share (as of Nov 8, 2026), against a price of $1.72. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is New Found Gold Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, NFGC trades above its calculated fair value: price $1.72, fair value $0.3145, a gap of about −82% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NFGC?
No. The price is what the market pays today ($1.72); the fair value is what the company's own numbers justify ($0.3145). For New Found Gold Corp the two are $1.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is New Found Gold Corp worth?
The market values New Found Gold Corp at about $661M (market capitalisation, as of Nov 8, 2026). Per share that is $1.72; our models calculate a fair value of $0.3145 per share.
What do the bullish and bearish scenarios say about NFGC?
Our models span a range for New Found Gold Corp: cautious scenario $0.2295, base $0.3145, optimistic $0.4675 per share (as of Nov 8, 2026, price $1.72). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of New Found Gold Corp (NFGC)?
Balance-sheet figures for New Found Gold Corp (as of Nov 8, 2026): return on equity −19.4%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is NFGC from its 52-week high?
New Found Gold Corp trades at $1.72, about 51% below its 52-week high of $3.48 and 26% above the low of $1.36 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3145 is for.
Which stocks are comparable to New Found Gold Corp?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is New Found Gold Corp stock attractive at the current price?
The data as of Nov 8, 2026: price $1.72, calculated fair value $0.3145 (−82%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NFGC calculated?
We run New Found Gold Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $0.3145 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. New Found Gold Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of New Found Gold Corp (NFGC)?
The closing price on Nov 6, 2026 was $1.72. Our model-based fair value is $0.3145, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New Found Gold Corp right now?
The price sits above even our optimistic bull case ($0.4675). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.2295 to $0.4675) leaves room in how you read the outcome.

Key figures of New Found Gold Corp

How large is the market capitalisation of New Found Gold Corp (NFGC)?
The market capitalisation of New Found Gold Corp is $661M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of New Found Gold Corp (NFGC)?
The price-to-sales ratio of New Found Gold Corp is 21.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of New Found Gold Corp (NFGC)?
Earnings per share at New Found Gold Corp are $−0.1700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of New Found Gold Corp (NFGC)?
The return on equity (ROE) of New Found Gold Corp is −19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of New Found Gold Corp (NFGC)?
On an EBIT basis the return on assets of New Found Gold Corp is −61.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of New Found Gold Corp (NFGC)?
The operating margin of New Found Gold Corp is −110% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at New Found Gold Corp (NFGC)?
Earnings per share at New Found Gold Corp are growing −77.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does New Found Gold Corp (NFGC) generate?
The free cash flow of New Found Gold Corp is −C$56.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does New Found Gold Corp (NFGC) hold?
New Found Gold Corp holds more cash than debt, C$57.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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