Equities Analysts Offer Predictions for New Found Gold Corp.’s Q1 2025 Earnings (NYSE:NFGC)

New Found Gold Corp. (NYSE:NFGC) – Research analysts at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for shares of New Found Gold in a research report issued on Monday, June 17th. Roth Capital analyst M. Niehuser forecasts that the company will post earnings of ($0.07) per share for the quarter. The consensus estimate for New Found Gold’s current full-year earnings is ($0.31) per share. Roth Capital also issued estimates for New Found Gold’s Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS and Q4 2025 earnings at ($0.07) EPS.

New Found Gold (NYSE:NFGC) last released its earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02.

Separately, Roth Mkm restated a “buy” rating and issued a $9.00 target price on shares of New Found Gold in a research note on Tuesday, April 23rd.

New Found Gold Stock Performance

NYSE NFGC opened at $3.16 on Tuesday. The stock’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $3.47. New Found Gold has a 52 week low of $3.02 and a 52 week high of $5.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in shares of New Found Gold during the 4th quarter worth approximately $38,000. Sprott Inc. acquired a new position in shares of New Found Gold during the 3rd quarter worth approximately $52,000. 1832 Asset Management L.P. acquired a new position in shares of New Found Gold during the 4th quarter worth approximately $88,000. Cetera Advisors LLC acquired a new position in shares of New Found Gold during the 1st quarter worth approximately $93,000. Finally, Rathbones Group PLC acquired a new position in shares of New Found Gold during the 3rd quarter worth approximately $198,000. Institutional investors and hedge funds own 3.43% of the company’s stock.

About New Found Gold

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.