Aristides Capital LLC Acquires Shares of 41,200 New Found Gold Corp. (NYSE:NFGC)

Aristides Capital LLC acquired a new stake in New Found Gold Corp. (NYSE:NFGC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 41,200 shares of the company’s stock, valued at approximately $75,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of New Found Gold in the fourth quarter valued at about $34,000. Toronto Dominion Bank increased its position in New Found Gold by 10,700.5% during the 3rd quarter. Toronto Dominion Bank now owns 21,493 shares of the company’s stock worth $54,000 after purchasing an additional 21,294 shares during the period. National Bank of Canada FI raised its stake in shares of New Found Gold by 26.8% during the 3rd quarter. National Bank of Canada FI now owns 25,926 shares of the company’s stock worth $66,000 after buying an additional 5,476 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of New Found Gold in the 3rd quarter valued at approximately $79,000. Finally, XTX Topco Ltd purchased a new stake in shares of New Found Gold in the third quarter valued at approximately $103,000. 3.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price objective on New Found Gold from $9.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 10th.

New Found Gold Trading Down 2.9 %

Shares of New Found Gold stock opened at $0.97 on Tuesday. The company has a 50-day moving average of $1.63 and a two-hundred day moving average of $1.89. New Found Gold Corp. has a 12-month low of $0.93 and a 12-month high of $4.15. The stock has a market cap of $194.59 million, a PE ratio of -4.41 and a beta of 1.11.

New Found Gold Company Profile

New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland.