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Why New Found Gold (NFGC) Still Has Bullish Backing Despite a Lower Roth MKM Target
Yahoo Finance· 2026-04-01 03:15
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 ...