13 Most Promising Gold Stocks According to Wall Street Analysts

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2. New Found Gold Corp. (NYSEAMERICAN:NFGC)

Average Price Target Upside Potential According to Analysts: 88.91%

Number of Hedge Fund Holders: 9

New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the most promising gold stocks according to Wall Street analysts. On July 9, New Found Gold Corp. (NYSEAMERICAN:NFGC) reported the first drill results from its 2025 Work Program at the Queensway Gold Project in Newfoundland and Labrador, Canada, which is fully owned by the company.

The results confirmed the continuity of multiple domains of high-grade gold mineralization at Keats West. These domains of high-grade mineralization start at the surface and go down to about 150 meters deep. They are located close to other important zones like Iceberg and Keats in the AFZ Core area.

According to the report by New Found Gold Corp. (NYSEAMERICAN:NFGC), the results show that the gold deposits at Keats West are promising. The company sees potential to expand both inside and near the open pit of Keats West.

New Found Gold Corp. (NYSEAMERICAN:NFGC) plans to continue working at Keats West in the second half of 2025. This will include infill drilling targeting the other domains of lower-grade material and drilling to find new mineral areas inside the open pit.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is a Canadian mineral exploration company focused on gold exploration and discovery. The company holds a 100% interest in the Queensway Gold Project.

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