FY2024 EPS Estimates for New Found Gold Corp. (CVE:NFG) Boosted by Roth Capital

New Found Gold Corp. (CVE:NFG) – Roth Capital boosted their FY2024 earnings per share (EPS) estimates for New Found Gold in a research note issued on Monday, June 17th. Roth Capital analyst M. Niehuser now anticipates that the company will earn ($0.34) per share for the year, up from their prior forecast of ($0.36). Roth Capital also issued estimates for New Found Gold’s FY2025 earnings at ($0.34) EPS.

New Found Gold Price Performance

CVE NFG opened at C$4.28 on Wednesday. The stock’s fifty day moving average price is C$4.87 and its 200 day moving average price is C$4.70. New Found Gold has a 1 year low of C$4.08 and a 1 year high of C$6.93. The company has a market cap of C$810.80 million, a price-to-earnings ratio of -9.51 and a beta of 0.57.

New Found Gold (CVE:NFG) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.07) EPS for the quarter, beating the consensus estimate of C($0.09) by C$0.02.

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.