NFGC Basic Materials

New Found Gold Corp.

$1.50+0.67%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Gold
Country: Canada
Market cap: 576.5M USD
Enterprise value: 503.6M USD
Full-time employees: 131

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.75 vs a peer median of 0.69)bigger price swings (beta 1.75 vs peers 0.69)
About average: risk (debt, liquidity and share-price swings)risk
Not enough data: growth

Would rank #1,099 of 1,217 fully scored basic materials companies (bottom 10%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 108% of revenue in 2025.
New Found Gold paid employees CAD 6M in stock in 2025, 108% of its CAD 6M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Not profitable yet. Reported a loss in the 12 months to December 2025.
New Found Gold reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.
New Found Gold has among the least debt in its peer group relative to shareholders' equity.

StockQuotient Score

23/ 100▲ 1 since Oct 27 close

Oct 5 23 → Nov 4 23

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-10.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-7.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield57.8%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-1102.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.60Sector median: 0.0757 · MAD: 0.0617

Return on assets-8.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-14.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.22Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin2.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-11.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 59 → 60

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.75

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.74Sector median: 0.6950 · MAD: 0.2810

Current ratio3.89×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 3.14Sector median: 1.7610 · MAD: 0.6770

Debt / equity<0.01×

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.21Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about New Found Gold

Is New Found Gold getting weaker?: Its latest SEC filing (Mar 25, 2026) showed no major changes. Its overall score is 23/100, up 1 since Oct 28, 2026.
How is New Found Gold valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -6.6% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -6.6% vs peers 3.6% (weaker than 100% of peers).
Is New Found Gold growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is New Found Gold?: Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -1102.0% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -1102.0% vs peers 7.6% (weaker than 100% of peers).
How risky is New Found Gold?: Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity <0.01× vs a peer median of 0.36× (stronger than 95% of peers).Debt / equity <0.01× vs peers 0.36× (stronger than 95% of peers). Beta 1.75 vs a peer median of 0.69 (weaker than 94% of peers).Beta 1.75 vs peers 0.69 (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 25, 2026 · compared with the year ended Dec 31, 2024

No major changes

Worth watching: New Found Gold is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Net income (12 months)	−50.3M CAD	−47.6M CAD	−5.4%
Free cash flow (12 months)	−56.3M CAD	−56.9M CAD	+1.1%
Cash	22.3M CAD	58.8M CAD	+163.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	—	—	—	2.0%	—
Operating margin	—	—	—	—	-1102.0%	—
Net margin	—	—	—	—	-819.2%	—
Return on assets (ROA)	34.2%	81.3%	94.5%	-67.9%	-8.9%	▲ 59 pts
Return on equity (ROE)	41.3%	107.8%	122.0%	-75.5%	-11.4%	▲ 64 pts
Free cash flow margin	—	—	—	—	-980.3%	—
Current ratio	10.70×	3.48×	3.28×	4.03×	3.89×	▼ 3.6%
Quick ratio	—	—	—	—	3.48×	—
Debt to equity	—	—	—	—	0.00×	—
Interest coverage	-7562.02×	-5548.97×	-3815.32×	-2402.59×	—	—

NFGC price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sylvania Platinum LimitedSLP.L97/ 100

Serabi Gold plcSRB.L95/ 100

Wesdome Gold Mines Ltd.WDO.TO95/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.75 vs a peer median of 0.69)bigger price swings (beta 1.75 vs peers 0.69)

About average: risk (debt, liquidity and share-price swings)risk

Not enough data: growth

Would rank #1,099 of 1,217 fully scored basic materials companies (bottom 10%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 108% of revenue in 2025.

New Found Gold paid employees CAD 6M in stock in 2025, 108% of its CAD 6M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Not profitable yet. Reported a loss in the 12 months to December 2025.

New Found Gold reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.

New Found Gold has among the least debt in its peer group relative to shareholders' equity.

Questions investors ask about New Found Gold

Is New Found Gold getting weaker?

Its latest SEC filing (Mar 25, 2026) showed no major changes. Its overall score is 23/100, up 1 since Oct 28, 2026.

How is New Found Gold valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -6.6% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -6.6% vs peers 3.6% (weaker than 100% of peers).

Is New Found Gold growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is New Found Gold?

Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -1102.0% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -1102.0% vs peers 7.6% (weaker than 100% of peers).

How risky is New Found Gold?

Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity <0.01× vs a peer median of 0.36× (stronger than 95% of peers).Debt / equity <0.01× vs peers 0.36× (stronger than 95% of peers). Beta 1.75 vs a peer median of 0.69 (weaker than 94% of peers).Beta 1.75 vs peers 0.69 (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Net income (12 months)

−50.3M CAD

−47.6M CAD

−5.4%

Free cash flow (12 months)

−56.3M CAD

−56.9M CAD

+1.1%

Cash

22.3M CAD

58.8M CAD

+163.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

2.0%

—

Operating margin

—

-1102.0%

—

Net margin

—

-819.2%

—

Return on assets (ROA)

34.2%

81.3%

94.5%

-67.9%

-8.9%

▲ 59 pts

Return on equity (ROE)

41.3%

107.8%

122.0%

-75.5%

-11.4%

▲ 64 pts

Free cash flow margin

—

-980.3%

—

Current ratio

10.70×

3.48×

3.28×

4.03×

3.89×

▼ 3.6%

Quick ratio

—

3.48×

—

Debt to equity

—

0.00×

—

Interest coverage

-7562.02×

-5548.97×

-3815.32×

-2402.59×

—