Why New Found Gold (NFGC) Still Has Bullish Backing Despite a Lower Roth MKM Target

New Found Gold Corp. (NYSE:NFGC) is one of the worst-performing commodity stocks so far in 2026. As of March 30, 2026, the stock was down 40.07% year-to-date. The stock is a consensus Buy, with all 4 analysts covering it assigning a Buy rating. The 1-year consensus median price target of $3.65 implies nearly 110% upside (per data compiled by CNN.com). While analyst coverage remained relatively thin, a recent note from Roth MKM is notable. On March 10, 2025, Roth MKM analyst Mike Niehuser cut his price ta ...

Why New Found Gold (NFGC) Still Has Bullish Backing Despite a Lower Roth MKM Target - Reportify