New Found Gold on our Active Buy List
- Americas Giold and Silver (USAS) $0.94
- New Found Gold (NFGC) $1.60
New Found Gold and Americas Gold & Silver share the same Chairman, Paul Huit and the same largest shareholder, Eric Sprott.
Hi Everyone. The technical reading for the one-year chart pattern of USAS are showing the possibility of the stock entering a correction. Fundamentals for USAS are strong. The outlook for Silver is strong. 82% of USAS production is in Silver. Management is first class, honorable and proven. Most of the longer-term readers know LOTM had exposure to Karora Gold which was bought out by Westgold Resoiurces (WGXRF) in August of 2024. That was a very successful position for LOT from our LOTM stock “discovery” price in 2020 to our acquisition by the Westgold sale date. The management team at Americas Gold & Silver, led by Paul Huet, is the mangement team that led Karora. On that four-year journey.
The one-year chart for Americas Gold & Silver shows us a very successful year for USAS stock. Twelve-months ago, USAS was abot $0.24 per share. By August 7, 2025 the share price hit its twelve-month high of $1.14. The current price is $0.94. Technical charts show the share price appears to want to correct the four-fold move in twelve-month price move.
Looking at the much longer 5-year monthly chart posted below the one-year chart, we can see the shares are in a very strong monthly technical chart pattern. From a technical perspective, we want to monitor the share price of USAS for a potential wash-out correction price in what we consider a “share price correction buy opportunity.”
We will take a Dollar Cost Averaging approach to the shares as we see a bright future for Americas Gold & Silver.
Positives include:
- An activist ownership in Eric Sprott, perhaps the God-father of the Mining world.
- A management team with a great industry reputation team led by Paul Huet. A team we have direct and positive four plus year history with our ownership of Karora.
- A supply deficit of Silver that points towards ahigher silver prices for taleast the next three to five years.
- A positive macro environment driven by a global move to deflate fiat currencies as the only way to deal if a too large to pay debt cycle. This drives a “Store of Value” demand for Precious metals and Bitcoin. See an excellent case for Gold/Precious Metals and Crypto/Bitcoin linked here. This interview was just released with Michelle Makori and Luce Gromen. It is an excellent idiscussion pointing out why Gold and Bitcoin are the best ways to surive a global devaluing of Fiat Currencies. A movement that is already in motion and likely to continue for another six to ten-years.
Please consider the visual below of the one year chart and the five year monthly chary below to illistrate the trends mentioned above.
There is another element I would like to mention concerning Paul Huet and Eric Sprott. It is logical but pure speculation on my part.
Shortly before Paul Huet was announced as Chairman of Americas Gold & Silver, there was another announcement linking Huet and Sprott. Eric Sprott is talso the largest share holder of New Found Gold (NFGC*). Paul Huet was named the independent Chairman of New Found Gold. This links Eric Sprott and Paul Huet to a second mining company.
In a recent deal not involving Paul Huet, Discovery Silver (DSVSF) announced they were buying a producing gold mining property. Eric Sprott is the largest share holder of Discovery Silver. Discovery Siler price moved from about $0.55 to today price of $2.89 in an eight month period.
In Americas Gold and Silver and New Found Gold, we have the same man, Eric Sprott, as the largest shareholder of each company. With the success of the Discovery share price in mind, it is possible that Mr Sprott, as an influencial owner of both, moves to combine two companies together. A merger of USAS and NFGC would provide cash flow for NFGC development and at the same time provide USAS with a very large prospect for developmeent with multiple decades of future production. Paul Huet is currently Chaiman of both USAS and NFGC. If I were in the position Eric Sprott is in it is what I would do. Perhaps making Paul Huet Chairman of each company is the first step in this direction. Is it just a coinsidence the appointments of Huet were within months of each other? You decide.
One-year daily chart for Americas Gold and Silver.
A search for analyst rankings shows analyst price targets for Americas Gold and Silver (USAS). The average one-year price target is around $1.38, with forecasts ranging from $1.30 to $1.46, according to Zacks Investment Research and Fintel. Some analysts have also issued price targets as high as $1.65. MarketBeat reports a consensus rating of “Buy” with a price target of $1.30.
Five-year chart Monthly Chart
A price target for getting out buying interest would be a correction to a price below the 150-day MS currently around $0.76. The share price could reach that target simplt by trading side-ways and let the 150-day MA rise up to the stock price. There are many ways for a stock price to correct. Sometimes it is by simply treading water around a certain price. Bottomline is we are interesting in buying USAS if the price is right no matter what causes the decline.
New Found Gold Corp. (NFGC) Reports Preliminary Economic Assessment (PEA) for Queensway Gold Project; Roth MKM Maintains ‘Buy’ Rating – By Faheem Tahir | August 17, 2025, 2:49 AM
EXCRPT: On July 21, 2025, New Found Gold Corp. (NYSE:NFGC) reported a Preliminary Economic Assessment (PEA) for its Queensway Gold Project in Newfoundland and Labrador, Canada.
The company holds a 100% stake in the project.
Phase 1 of the project entails a $155 million initial capital investment, which is expected to deliver 69.3 koz of gold annually at an AISC of $1,282 per ounce for the first four years. The production proceeds are then projected to fund the $442 million Phase 2 build-out to 172.2 koz/year at $1,090 per ounce for the following five years. New Found Gold Corp. (NYSE:NFGC) expects 1.5 Moz total production across the 15-year mine life, with first output expected in 2027, pending approvals.
With a gold price projected at $2,500 per ounce, after-tax NPV5% is estimated at $743 million. On the other hand, the expected gold price of $3,300 per ounce yields $1.45 billion in NPV.
Three days later, on July 24, Roth MKM reiterated its ‘Buy’ rating with a $5 target price.
New Found Gold Corp. (NYSE:NFGC), a gold mining company, holds a 100% interest in the Queensway Project in Canada.
Full Story Linked Here.
One-year chart of New Found Gold.
One might buy Americas Gold, because it is a producing property therefore generating cash flow. I like ownership of New Found Gold also, NFGC is a high potential prospect on its own merits. With Roth’s target price of $5 – if in US$, That would be a potential triple if the target price of $5.00 is hit.
A search shows analyst price targets issued for New Found Gold (NFGC).
Analyst price targets for New Found Gold (NFGC)
- Average 12-Month Price Target: $3.55
- Highest 12-Month Price Target: $5.00
- Lowest 12-Month Price Target: $2.09
Bottom Line on on New Found Gold is, funds permitting, I would be a buyer of New Found Gold at this price.
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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