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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by BebeRebozoon Jul 08, 2021 1:26pm
208 Views
Post# 33515298

RE:RE:RE:Canaccord price target $4.25

RE:RE:RE:Canaccord price target $4.25
BlueChipper2020 wrote:
Iveybiz79 wrote: Canaccord Genuity analyst Tom Gallo maintained a Hold rating on New Found Gold Corp on Tuesday, setting a price target of C$4.25, which is approximately 64.96% below the present share price of $10.06.



FYI. If the above is true, it means absolutely zero. Price target on an exploration company like NFG is laughable. I can name you blue chip analyst which had a sell rating on APPLE a decade ago. The guy on BNN who has his half hour show on ETF's was saying he was shorting US equities about 5 years ago. How did that work out? 

NFG is priced for perfection and many of us know that. In many ways no different than how Nvidia is priced now or many many others. You have to pay for greatness. So this post is ridiculours. Good luck waiting to buy NFG at 4 bucks. 

Come on man. 

BC


This guy posts as "Bumpandrun" on CEO.CA.  He only appears on down days and abuses everyone until the stock starts recovering and then he disappears.  It's the same BS every time.  I do find his posts hilarious though.  Like a mouse shaking his fist at an elephant.
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