New Found Gold Corp. (NFGC) concluded trading on 01/18/23 at a closing price of $3.66, with 0.27 million shares of worth about $1.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.29% during that period and on Wednesday the price saw a loss of about -4.69%. Currently the company’s common shares owned by public are about 169.02M shares, out of which, 81.08M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the NFGC stock and their offered price forecasts bring an average price target of $10.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $10.00. However, touching the estimated high of $10.00 would mean a gain of 63.4% for the stock.
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VanEck Junior Gold Miners ETF, VanEck UCITS ETFs Plc – Junior Go, and AAC Multi Style Global are the top 3 mutual funds which are holding stakes in New Found Gold Corp. VanEck Junior Gold Miners ETF is currently holding 3.07 million shares of worth totaling $12.42 million. The company recently came buying 0.0 shares which brought its stake up to 1.82% of the company’s outstanding shares. AAC Multi Style Global, after buying 35000.0 shares, have now control over 0.02% of the stake in the company. It holds 35000.0 shares of worth $0.14 million.
New Found Gold Corp. (AMEX: NFGC) started trading at $3.88, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 3.9220, or with a loss of -4.69%. Stock saw a price change of -8.16% in past 5 days and over the past one month there was a price change of -7.34%. Year-to-date (YTD), NFGC shares are showing a performance of -9.41% which decreased to -41.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.92 but also hit the highest price of $7.65 during that period. The average intraday trading volume for New Found Gold Corp. shares is 181.82K. The stock is currently trading -7.58% below its 20-day simple moving average (SMA20), while that difference is down -7.76% for SMA50 and it goes to -19.14% lower than SMA200.
New Found Gold Corp. (AMEX: NFGC) currently have 169.02M outstanding shares and institutions hold larger chunk of about 2.59% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $618.62M. It has posted earnings per share of -$0.33 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NFGC, volatility over the week remained 5.74% while standing at 4.98% over the month.
Analysts at 1 brokerage firms have issued recommendations for the New Found Gold Corp. (NFGC)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
