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How to Buy New Found Gold Stock

New Found Gold Corp

New Found Gold is a gold company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker NFGC on the NYSEMKT exchange.

New Found Gold stock last closed at $4.92, down 0.81% from the previous day, and has decreased 13.23% in one year. It has underperformed other stocks in the Gold industry by 0.12 percentage points. New Found Gold stock is currently +68.49% from its 52-week low of $2.92, and -17.31% from its 52-week high of $5.95.

There are currently 175.38M NFGC shares outstanding. The market capitalization of NFGC is $862.86M. In the past 24 hours, 339,524 NFGC shares were traded.

How to Buy New Found Gold Stock

Wondering how to invest in New Found Gold stock? Here's how.
  1. Decide where to buy New Found Gold stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy New Found Gold stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Choose your method of payment and add your details.
  4. Analyze New Found Gold stock: The New Found Gold ticker symbol is NFGC. Is New Found Gold stock a good investment? Should you buy shares of NFGC? How do NFGC's underlying business fundamentals look? Do top analysts think New Found Gold is a good buy? Why has NFGC's stock price moved recently? (Hint: Our stock market research website can help you understand if NFGC is a good stock to buy).
  5. Make your NFGC buy order: Decide if you will purchase NFGC shares at the current market price or use a limit order to buy NFGC shares at a given price.
  6. Get key alerts regarding your investment in NFGC: Create a watchlist to get live updates on your investment in New Found Gold shares.

Step 1: Decide where to buy New Found Gold stock

You will need an online brokerage account in order to access the NYSEMKT market and buy NFGC stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you can invest in NFGC today.

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  1. Click here to get started.
  2. Input your personal details to create a new trading account.
  1. Submit your data by pressing the "Create Account" button.
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Step 3: Deposit funds into your investment account

Now that you have created your account on one of the best stock market apps, your next step is to transfer the money for your investment:

Check out the video below if you need help transferring funds into your new investment account.

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Step 4: Analyze New Found Gold stock

Once you have selected the best place to buy New Found Gold stock, it's absolutely critical to analyze their stock prior to investing, so you actually understand the risk and opportunity.

New Found Gold stock at a glance

NFGC Price
$4.92
1w %
16.04%
1y %
-13.23%
5y %
N/A
P/E
-12.58x
P/B
14.26x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$65.21M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$862.86M
Next Earnings
N/A
Next Dividend
N/A

New Found Gold Zen Score

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.

You can see all of the due diligence checks on NFGC's stock page.

Is NFGC stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NFGC's fair value.

Using relative valuations methods:

  • NFGC may be overvalued based on its P/B ratio of 14.26x, relative to Gold industry P/B ratio of 1.73x

You can access additional valuation research on NFGC's stock here.

How do NFGC Financials look?

Pros:

  • There are more short-term assets than long-term liabilities on the NFGC balance sheet.
  • NFGC has a low debt to equity ratio of 0.33.
  • NFGC has cash burn of 57931621. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the NFGC balance sheet.

Cons:

  • Total NFGC debt is higher than 5 years ago, relative to shareholder equity.
  • NFGC has $64.98M in cash and short term investments. This is not sufficient to cover its annual cash burn of $57.93M.

NFGC Technical Indicators

SMA10
4.46
SMA20
4.5
SMA50
4.8
SMA100
4.33
SMA200
4.06
MACD
-0.01
MACD Signal
-0.08
MACD Histogram
0.07
RSI
59.74
Stochastic %K
77.37
Stochastic %D
69.44
StochRSI %K
91.94
StochRSI %D
93.05

Who is buying/selling NFGC?

Over the last 12 months, executives and large shareholders at NFGC have not bought or sold any shares.

Research more about who owns NFGC stock here.

Can I get consistent income from NFGC stock?

No, New Found Gold doesn't provide an income stream by paying out dividends.

What others are saying about NFGC

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Make your NFGC buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.

Click the Open button and eToro will place the order.

If you need additional info about investing in stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Get key alerts regarding your investment in NFGC

Now that you own some NFGC shares, you'll want to keep up with your investment.

Start a watchlist to keep tabs on your NFGC stock.

NFGC Feed

No news
There is no news on the companies in your watchlist or you don't have enough companies added to your list.

How to Buy Stock in New Found Gold

To summarize, here are the 6 steps you need to take to buy New Found Gold stock right now:

  1. Decide where to buy New Found Gold stock
  2. Sign up for your brokerage account
  3. Deposit funds into your investment account
  4. Analyze New Found Gold stock
  5. Make your NFGC buy order
  6. Get key alerts regarding your investment in NFGC

If you require a brokerage account, eToro is our favorite option.

Get Started with eToro Today

If you want to monitor your new investment in New Found Gold, hit the button below to create your watchlist.

NYSEMKT: NFGC
$4.92-0.04 (-0.81%)
Updated Jun 6, 2023
Open eToro Account
NYSEMKT: NFGC
$4.92-0.04 (-0.81%)
Updated Jun 6, 2023
Open eToro Account

FAQ

How much does it cost to buy one New Found Gold share?

As of Jun 6, 2023, it costs $4.92 to buy one share of New Found Gold stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.407 shares of NFGC.

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What is the best way to buy New Found Gold stock?

One way to place an order for New Found Gold stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.