10,732 Shares in New Found Gold Corp. (NYSE:NFGC) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in New Found Gold Corp. (NYSE:NFGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,732 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors also recently modified their holdings of the company. Sprott Inc. bought a new stake in shares of New Found Gold in the third quarter worth $52,000. 1832 Asset Management L.P. acquired a new position in New Found Gold in the fourth quarter valued at $88,000. Finally, Van ECK Associates Corp lifted its holdings in New Found Gold by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 4,805,915 shares of the company’s stock valued at $16,948,000 after buying an additional 348,520 shares during the period. Institutional investors own 3.43% of the company’s stock.

Analyst Ratings Changes

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

New Found Gold Stock Down 2.6 %

NFGC stock opened at $2.82 on Friday. The firm has a market cap of $541.45 million, a price-to-earnings ratio of -9.38 and a beta of 1.18. New Found Gold Corp. has a 12-month low of $2.77 and a 12-month high of $5.27. The company’s fifty day simple moving average is $3.44 and its 200 day simple moving average is $3.44.

New Found Gold (NYSE:NFGC) last released its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. Research analysts expect that New Found Gold Corp. will post -0.3 earnings per share for the current year.

New Found Gold Profile

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.