New Found Competitors
| NFGC Stock | USD 1.68 -0.14 -7.69% |
New Found vs Hycroft Mining Correlation Overview
Good diversification
New Found currently posts a 0.1 correlation with Hycroft Mining, indicating a Good diversification relationship for the active sample. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Moving together with New Stock
Moving Against New Stock
Mean reversion is the tendency of New Found's price to return to its historical average after periods of extreme deviation. Some analysts monitor this tendency by comparing New Found's price extremes to fundamental value.
New Found Competition Correlation Matrix
Studying peer correlation around New Found Gold gives investors a cleaner read on how much independent price behavior still exists across the competitive set. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
Headline performance for New Stock may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DC | 3.66 | -0.18 | 0.00 | -0.20 | 0.00 | 8.15 | 22.69 | |||
| ODV | 3.22 | -0.17 | 0.00 | -0.16 | 0.00 | 7.22 | 20.66 | |||
| IDR | 4.54 | -0.48 | 0.00 | -0.24 | 0.00 | 7.99 | 23.74 | |||
| NVAWW | 8.55 | 1.04 | 0.09 | 0.53 | 9.15 | 21.65 | 71.83 | |||
| CMCL | 3.51 | -0.05 | 0.00 | -0.10 | 0.00 | 6.05 | 28.73 | |||
| ASTL | 3.56 | 0.26 | 0.02 | 0.02 | 4.94 | 6.72 | 26.87 | |||
| RYAM | 3.63 | 1.42 | 0.34 | 0.35 | 2.97 | 9.63 | 49.45 | |||
| ITRG | 3.62 | -0.61 | 0.00 | -0.40 | 0.00 | 6.89 | 18.03 | |||
| NB | 4.70 | -0.02 | 0.00 | -0.09 | 0.00 | 9.52 | 35.70 | |||
| HYMC | 7.80 | 1.73 | 0.18 | 0.54 | 7.64 | 21.07 | 67.66 |
Peer Comparison: Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in New Found Gold financial statement analysis. It represents the amount of money remaining after all of New Found Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Compare New Found Gold and related stocks such as Dakota Gold Corp, Osisko Development Corp, and Idaho Strategic Resources Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DC | -423.2 K | -423.2 K | -423.2 K | -423.2 K | -423.2 K | -423.2 K | -423.2 K | -477 K | 20.9 K | -176.3 K | 26 M | -25.7 M | -25.7 K | -36.4 M | -33.9 M | -29.6 M | -28.1 M |
| ODV | -2.8 M | -2.8 M | -2.8 M | -2.8 M | -2.8 M | -157.8 K | -5.9 K | -113.9 K | -2 M | -75.7 M | -8.1 M | -133.3 M | -192.5 M | -181.9 M | -86.3 M | -77.7 M | -81.6 M |
| IDR | -5.9 K | -473.1 K | -722.9 K | -792.2 K | -1.4 M | -245.8 K | -1.4 M | 39.2 K | 830 K | -609.6 K | -642.9 K | -3.2 M | -2.5 M | 1.2 M | 8.8 M | 16.7 M | 17.6 M |
| NVAWW | -860 K | -404.4 K | -216.4 K | -1.1 M | -168.5 K | -2.1 M | -1.6 M | -1.4 M | -2.6 M | -4.2 M | -3.1 M | 34.7 M | -11.5 M | -16.3 M | -11 M | -9.9 M | -9.4 M |
| CMCL | -200.3 K | 11.9 M | 8.8 M | -2.9 M | 4.2 M | 4.8 M | 8.5 M | 9.4 M | 10.8 M | 42 M | 20.8 M | 17.4 M | 11.2 M | -7.9 M | 17.9 M | 55.2 M | 58 M |
| ASTL | -203.3 M | -203.3 M | -203.3 M | -313.8 M | 32.2 M | 32.2 M | 32.2 M | 32.2 M | 32.2 M | -175.9 M | -160.4 M | 857.7 M | 298.5 M | 105.2 M | -222.7 M | -256.1 M | -243.3 M |
| RYAM | 213.8 M | 213.8 M | 242.1 M | 219.8 M | 31.7 M | 55 M | 73 M | 325 M | 128 M | -22.4 M | 555 K | 66.4 M | -14.9 M | -101.8 M | -39 M | -420 M | -399 M |
| ITRG | -45.6 K | -8.3 M | -1.8 M | -888 K | -807.3 K | -167.4 K | 254.5 K | -4.4 M | -10.9 M | -16.7 M | -21.3 M | -32.9 M | -19.8 M | -29 M | -9.5 M | -3.1 M | -3.3 M |
| NB | -31.4 K | -2.2 M | -3 M | -1.6 M | -23.1 M | -11.4 M | -14.6 M | -8.5 M | -7.3 M | -4 M | -4.8 M | -10.9 M | -40.1 M | -11.4 M | -16.3 M | -14.7 M | -13.9 M |
| HYMC | 47.7 M | 47.7 M | 47.7 M | 1.4 M | -518.9 M | -2.8 K | -2.8 K | -2.8 K | 1.7 M | -98.9 M | -136.4 M | -88.6 M | -60.8 M | -55 M | -60.9 M | -40.7 M | -42.7 M |
New Found Competitive Analysis
To gauge New Found's financial strength, comparing it with Dakota Gold, Osisko Development, and Idaho Strategic offers useful context. New Found is valued at 626.1 M. New Found posts a -50.88% return on equity, reflecting current earnings headwinds. Dakota Gold converts shareholder equity more efficiently at -23.93% versus New Found at -50.88%. On pure scale, Osisko Development is the bigger entity with market caps of 854.7 M versus 626.1 M. On equity returns, Idaho Strategic earns 21.99% compared to -50.88% at New Found.| Better Than Average | Worse Than Peers | View Performance Chart |
New Found Competition Peer Performance Charts
How to Analyze New Found Against Peers
New Found's peer analysis compares New Found with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether New Found trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where New Found leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
New Found's capital allocation track record stands out when measured by cumulative returns on acquisitions versus peers. Capex-to-depreciation ratios across New Found's competitors separate companies that are investing for growth from those in maintenance mode. Comparing small-cap peers across Diversified Metals & Mining, Materials, Basic Materials can help separate structural strengths from temporary momentum. For peer comparison, New Found has a market cap of 626.08 M.
New Found Gold metrics are compiled from periodic company reporting and market reference feeds and normalized before display. Not all fields update in real time.