Currently, there are 200.46M common shares owned by the public and among those 119.04M shares have been available to trade.
The company’s stock has a 5-day price change of -38.12% and -28.21% over the past three months. NFGC shares are trading -38.46% year to date (YTD), with the 12-month market performance down to -68.00% lower. It has a 12-month low price of $1.51 and touched a high of $4.15 over the same period. NFGC has an average intraday trading volume of 565.97K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -35.43%, -36.15%, and -50.78% respectively.
Institutional ownership of New Found Gold Corp (AMEX: NFGC) shares accounts for 5.01% of the company’s 200.46M shares outstanding.
It has a market capitalization of $224.68M and a beta (3y monthly) value of 0.76. The earnings-per-share (ttm) stands at -$0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.21% over the week and 7.08% over the month.
Analysts forecast that New Found Gold Corp (NFGC) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 39.90%, and 38.73% over the next financial year. EPS should grow at an annualized rate of 65.17% over the next five years, compared to -22.73% over the past 5-year period.
Looking at the support for the NFGC, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on August 15, 2023, with the firm’s price target at $9.
