New Found Gold

NFGC

Gold · Basic Materials

Exchange

New York Stock Exchange American

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Winston Score History

The full picture

New Found Gold Corp. is a Canadian mineral exploration company focused on finding and developing gold deposits. Its main asset is the Queensway Project, a large land package located in Newfoundland, Canada. The company does not yet mine or sell gold — it is still in the exploration stage, drilling holes and testing rock samples to figure out how much gold is in the ground.

New Found Gold makes no revenue from selling gold or any product. It funds its operations by raising money from investors through stock offerings, which is why its margins are deeply negative. The company's potential competitive advantage lies in the high-grade gold results reported at Queensway, which attracted attention from major mining companies, including a strategic investment from Newmont Corporation. The key risk is that exploration-stage companies burn cash constantly with no guarantee that a deposit will ever become a producing mine, and the company remains entirely dependent on outside financing to continue its work.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+35.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

30.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

C$203M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

C$203M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

-4.6%

Losing money on operations — -4.6%

Return on the money invested

ROCE

-9.8%

Weak — -9.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-263.0%

Burning cash (-263.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.13

Conservative — low debt load (0.13)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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