New Found Gold Corp Dossier
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SectorMaterials IndustryGold Beta (adjusted)1.50 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $1.61Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $618.8M Enterprise Value $561M Shares Outstanding 384.4M diluted Moat Rating None Next Earnings Date9 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary New Found Gold Corp. is successfully transitioning from a pure exploration play into a mid-tier Canadian gold producer. By acquiring Maritime Resources in late 2025, the company secured the producing Hammerdown mine and critical processing infrastructure (Pine Cove Mill), significantly de-risking the development of its flagship Queensway Phase 1 project. Queensway Phase 1 is fully financed with C$220M, targeting production in late 2027 with a highly competitive projected AISC of $1,256/oz. The stock currently trades at an attractive 0.72x NAV discount, offering a compelling entry point as it approaches key production and permitting milestones. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$5.00 Mean target$5.00 High · most bullish analyst$5.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $2.4920% Operational delays or high AISC (~$2,500/oz) at Hammerdown strain working capital, especially if gold prices drop below $2,500/oz. Permitting delays at Queensway push back the late 2027 production timeline, leading to capital dilution. Base CaseCentral scenario $4.0350% Hammerdown achieves steady-state commercial production in H2 2026, providing immediate cash flow. Queensway Phase 1 permitting is completed by late 2026, keeping the project on track for late 2027 production. The company trades up to close its NAV discount as execution risks decrease. Bull CaseUpside scenario $5.0030% Rapid ramp-up at Hammerdown combined with early permitting of Queensway Phase 1 in Q4 2026. High-grade drilling results continue to expand the resource at depth below the AFZ Core, driving a substantial upward revision in NAV and attracting major institutional interest. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |