LAURENTIAN BANK SECURITIES Maintains New Found Gold (TSX:NFG) Buy Recommendation

Fintel reports that on June 4, 2023, LAURENTIAN BANK SECURITIES maintained coverage of New Found Gold (TSX:NFG) with a Buy recommendation.

Analyst Price Forecast Suggests 65.73% Upside

As of June 2, 2023, the average one-year price target for New Found Gold is 10.56. The forecasts range from a low of 8.84 to a high of $12.92. The average price target represents an increase of 65.73% from its latest reported closing price of 6.37.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for New Found Gold is 4MM. The projected annual non-GAAP EPS is -0.02.

What are Other Shareholders Doing?

CA:NFG / New Found Gold Corp Shares Held by Institutions

GDXJ - VanEck Vectors Junior Gold Miners ETF holds 4,258K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 3,073K shares, representing an increase of 27.82%. The firm increased its portfolio allocation in NFG by 50.01% over the last quarter.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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