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  5. NFG: What are your thoughts and analysis of my last question back in March 2025? [New Found Gold Corp.]
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Q: What are your thoughts and analysis of my last question back in March 2025?
Would you be a small investor today?
Thanx Gary
Asked by Gary on June 02, 2025
5i Research Answer:

NFG is down 12% year-to-date, but has had a nice bounce from its April lows and amid good earnings results in May. In late May it was up big as it increased the size of its bought deal financing to advance the Queensway Gold Project to the development stage. The news flow is improving for NFG, and a higher price of gold is also helping to lift goldstocks, but we would like to see its price rise above $3 to signal a potential reversal in its price trend. The company has seen negative price momentum since 2021 and we would prefer to see this reverse before getting more interested in the name.

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