Stock Price Prediction

Roth MKM analyst Mike Niehuser maintains a Buy rating on NFGC with a price target of $9.00, significantly higher than its recent close of $1.60. The bullish view stems from the company's promising Queensway and Kingsway projects, which show high-grade gold potential and ongoing exploration success. Despite financial losses, NFGC's strong cash position and strategic acquisitions support its long-term growth trajectory.

NFGC stock currently trades at $1.60, significantly below its average analyst price target of $7.98. Bears argue that the company’s ongoing net losses ($11.58M in Q3 2024) and lack of proven reserves undermine its valuation. Additionally, its heavy reliance on financing and exploration spending raises concerns about sustainability.