Analysts See Over 100% Upside for New Found (NFGC) Amid Accelerated Progress At Queensway Gold Project [Yahoo! Finance]
New Found Gold Corp (NFGC)
Company Research
Source: Yahoo! Finance
Analysts See Over 100% Upside for New Found (NFGC) Amid Accelerated Progress At Queensway Gold Project New Found Gold Corp. (NYSE:NFGC) is working to accelerate progress at its 100%-owned Queensway Gold Project. With the company continuing to bolster its growth narrative, all of the covering analysts remain bullish on the stock. Based on analyst consensus, NFGC has an implied upside of 105.22%. New Found Gold Corp. (NYSE:NFGC) is sharply focused on its Queensway Gold Project, for which it has entered into a non-binding term sheet for a loan facility of up to $75 million. According to the company's announcement on March 5, 2026, the loan proceeds will be utilized to support its plans for early construction, procurement of long-lead items, mill expansion, and working capital. Importantly, the company's CEO, Keith Boyle, emphasized plans for first production by late 2027. The loan facility will be documented through a secured debenture, to be advanced in two tranches: $50 million
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News
- Why New Found Gold (NFGC) Still Has Bullish Backing Despite a Lower Roth MKM Target [Yahoo! Finance]Yahoo! Finance
- New Found Gold (NFGC) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
- New Found Gold GAAP EPS of -C$0.05, revenue of C$5.81M [Seeking Alpha]Seeking Alpha
- +$5,100 Gold is Making These Ounces in the Ground a Lot More Interesting [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- +$5,100 Gold is Making These Ounces in the Ground a Lot More InterestingPR Newswire
NFGC
Sec Filings
- 3/26/26 - Form 6-K
- 3/25/26 - Form 40-F
- 3/17/26 - Form 6-K
- NFGC's page on the SEC website