New Found Gold FY2024 EPS Forecast Lifted by Roth Capital

New Found Gold Corp. (CVE:NFG) – Equities research analysts at Roth Capital upped their FY2024 earnings per share estimates for shares of New Found Gold in a research report issued to clients and investors on Tuesday, December 24th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of ($0.28) per share for the year, up from their previous forecast of ($0.31).

New Found Gold Stock Performance

Shares of NFG opened at C$2.38 on Friday. The stock has a 50-day simple moving average of C$2.71 and a 200-day simple moving average of C$3.40. New Found Gold has a 1 year low of C$2.11 and a 1 year high of C$5.71. The stock has a market capitalization of C$470.34 million, a PE ratio of -6.26 and a beta of 0.56.

New Found Gold Company 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.