New Found Gold Corp (NFGC) Fair Value & Analysis
Basic Materials · US · Market cap $622M
New Found Gold Corp
NFGC · US
Fair value as of: Jun 24, 2026
From 1 valuation models · updated 46 days ago
Share price +11.3% over the past month.
Below-average quality, screening 17% undervalued on our models.
What matters now
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
- Our model range runs from $1.46 (bear) to $2.44 (bull), base $1.96. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 22/100 (below-average quality) with low evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.
How to read this chart
60‑month range $0.9700 – $10.78 · fair‑value band $1.46 – $2.44 · the $1.67 price screens below the $1.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 24, 2026.
Analysis
New Found Gold Corp (NFGC) currently trades at $1.67, while our model-based Fair Value estimate is $1.96, implying the stock looks roughly 17.1% undervalued today. The Quality Score stands at 22/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Trailing-twelve-month revenue stands at $15.7M. It earns a return on equity of -24.9%. The balance sheet holds a net cash position of $57.7M. Fundamentals as of Jun 24, 2026
Our scenario range runs from $1.46 (bear case) to $2.44 (bull case); at $1.67, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 53% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at 17%, NFGC screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 28 · Market factors (momentum, volatility) 20
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
New Found Gold Corp reported revenue of $5.8M in FY2025 versus $0 in FY2021. Reported net income was −$47.6M in FY2025.
Watch NFGC: get an alert when its fair value changes →
Peer Group
Gold · 259 stocks
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.
Valuation Multiples vs Gold median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $112.00 | $132.73 | +19% |
| Zijin Mining Group 601899 | ¥28.36 | ¥30.58 | +8% |
| Agnico Eagle Mines Limited AEM | C$191.93 | C$154.33 | -20% |
| Barrick Mining Corporation B | $34.93 | $50.66 | +45% |
| Wheaton Precious Metals Corp WPM | C$152.57 | C$52.47 | -66% |
| Franco-Nevada Corporation FNV | C$284.75 | C$97.76 | -66% |
| AngloGold Ashanti plc AU | $76.35 | $88.63 | +16% |
| Gold Fields Limited GFI | $33.33 | $59.06 | +77% |
| Kinross Gold Corporation KGC | $22.57 | $34.62 | +53% |
| Northern Star Resources Limited NST | A$20.48 | A$15.98 | -22% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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