New Found Gold Soars 7.69% on Bullish Sentiment

On September 2, 2025, New Found Gold's stock surged by 7.69% in pre-market trading, reflecting a significant bullish sentiment among investors.

New Found Gold Corp. has seen a surge in analyst price targets, with the average target price reaching $5.00, indicating a strong bullish outlook. The company's stock is forecasted to hit a high point of $1.692657 in April and reach a low of $1.293771 in February, suggesting a volatile but potentially rewarding investment opportunity.

The company's life of mine total production is projected at 1.5 million ounces at an average AISC of US$1,256 per ounce, with a base case gold price assumption of US$2,500 per ounce. This projection underscores the company's strong operational efficiency and potential for significant returns.

Insider sentiment for New Found Gold is overwhelmingly bullish, with a 70% positive sentiment among TSE:NFG investors, aligning with the sector average of 72%. This positive sentiment is further supported by a moderate buy consensus among analysts, with an average price target of C$6.87, representing a 187.63% upside potential.