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Upturn AI SWOT - About
New Found Gold Corp (NFGC)
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Upturn Advisory Summary
04/01/2025: NFGC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -58.59% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 240.73M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 1216395 | Beta 0.34 | 52 Weeks Range 0.96 - 4.15 | Updated Date 04/1/2025 |
52 Weeks Range 0.96 - 4.15 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.18 |
Earnings Date
Report Date 2025-03-19 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -47.19% | Return on Equity (TTM) -76.12% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 225304759 | Price to Sales(TTM) - |
Enterprise Value 225304759 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -7.26 | Shares Outstanding 200608000 | Shares Floating 112272270 |
Shares Outstanding 200608000 | Shares Floating 112272270 | ||
Percent Insiders 42.95 | Percent Institutions 5.34 |
Analyst Ratings
Rating 4 | Target Price 9 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
New Found Gold Corp
Company Overview
History and Background
New Found Gold Corp. is a Canadian gold exploration company focused on the Queensway Project in Newfoundland. Founded in 2016, it rapidly gained attention due to high-grade gold discoveries.
Core Business Areas
- Mineral Exploration: Focuses on the discovery and evaluation of gold deposits within its mineral properties, primarily the Queensway Project.
- Resource Development: Involves advancing identified gold resources through drilling, metallurgical testing, and preliminary economic assessments.
Leadership and Structure
Collin Kettell is the Founder & Executive Chairman. Craig Roberts is the CEO. The company has a board of directors and a management team focused on exploration and corporate development.
Top Products and Market Share
Key Offerings
- Gold Exploration: The company's primary offering is gold exploration. The potential revenue stream is tied to the gold discovered. There is no market share as they are still exploring. Competitors are other exploration and mining companies in the Newfoundland region.
Market Dynamics
Industry Overview
The gold exploration industry is highly competitive and cyclical, influenced by gold prices, geopolitical factors, and investor sentiment.
Positioning
New Found Gold is positioned as a high-grade gold exploration company with a potentially significant discovery in a well-established mining jurisdiction. Its competitive advantage lies in the high grades encountered and the scale of the Queensway Project.
Total Addressable Market (TAM)
The TAM is difficult to quantify precisely for exploration companies but relates to the total value of discoverable gold resources globally, worth hundreds of billions. New Found Gold aims to capture a significant portion through successful exploration and development.
Upturn SWOT Analysis
Strengths
- High-grade gold discoveries
- Large land package in a favorable jurisdiction
- Strong management team
- Substantial drilling program
Weaknesses
- Early-stage exploration company (no production)
- Reliance on financing for operations
- Vulnerability to gold price fluctuations
- Project is located in remote area.
Opportunities
- Further expansion of gold resources at the Queensway Project
- Advancement of the project towards resource estimation and economic studies
- Potential for joint ventures or partnerships
- Acquisition of additional prospective properties
Threats
- Decline in gold prices
- Unsuccessful exploration results
- Increased competition for financing
- Regulatory changes
Competitors and Market Share
Key Competitors
- Labrador Gold (OTCQX:NKOSF)
- Sokoman Minerals Corp (OTCQB:SCMFF)
- Marathon Gold (MGDPF)
Competitive Landscape
New Found Gold's advantage lies in the high grades found at Queensway. However, its early stage makes it riskier than producers. Competitors offer various levels of maturity and resource size.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is measured by the increase in gold resources and the advancement of the Queensway Project.
Future Projections: Future growth depends on continued exploration success, resource definition, and the potential for economic development of the Queensway Project. Analyst estimates are contingent on these factors.
Recent Initiatives: Focused drilling campaigns at Queensway, metallurgical testing, and regional exploration on other properties.
Summary
New Found Gold Corp is a promising gold exploration company with the potential for a major discovery at its Queensway Project. The company's high-grade gold intercepts are a key strength, but its early-stage nature represents a risk. Future success hinges on continued exploration success and the ability to secure financing. Investors should monitor gold prices and exploration results closely.
Similar Companies
- NKOSF
- SCMFF
- MGDPF
Sources and Disclaimers
Data Sources:
- New Found Gold Corp. company website
- Company press releases
- Third-party financial analysis reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share percentages are not calculated due to the early stages of the project.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About New Found Gold Corp
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2020-09-15 | CEO - | ||
Sector Basic Materials | Industry Gold | Full time employees 62 | Website https://newfoundgold.ca |
Full time employees 62 | Website https://newfoundgold.ca | ||
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, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land 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.
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