Novagold Resources (NG) Stock Price, News & Analysis

Company Overview

Novagold Resources Inc. is a mineral exploration and development company headquartered in Vancouver, British Columbia. The firm is focused on advancing large-scale precious metals projects through disciplined project management, environmental stewardship and community engagement. Novagold maintains a lean corporate structure while leveraging partnerships and industry expertise to advance its projects toward production.

The company’s flagship asset is the Donlin Gold project in Alaska, a 50/50 joint venture with Barrick Gold Corporation. Donlin Gold is regarded as one of the largest undeveloped gold deposits globally, with a high-grade resource hosted in favorable geology near existing infrastructure. Novagold and its partner have completed extensive technical studies, environmental baseline work and community consultation programs as part of the permitting process.

In addition to Donlin Gold, Novagold has previously held interests in the Galore Creek copper-gold-silver project in northwestern British Columbia in partnership with Teck Resources. While that project is currently on hold pending market conditions, the company continues to evaluate other high-quality exploration opportunities that align with its focus on long-lived, large-scale deposits.

Founded in 1984, Novagold is led by President and CEO Gregory A. Lang, supported by a board of directors with deep experience in mining finance, project development and environmental management. The company seeks to build value through strategic partnerships, rigorous technical analysis and a commitment to sustainable development practices in the regions where it operates.

Key Stats

• Today's Range: $6.55 to $6.95
• 50-Day Range: $3.70 to $6.84
• 52-Week Range: $2.26 to $6.95
• Volume: 4.48 million shs
• Average Volume: 3.62 million shs
• Market Capitalization: $2.72 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Buy

Novagold Resources Stock Analysis - MarketRank™

Novagold Resources scored higher than 24% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Novagold Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Novagold Resources has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Novagold Resources is -27.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novagold Resources is -27.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.49% of the float of Novagold Resources has been sold short.

Short Interest Ratio / Days to Cover

Novagold Resources has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Novagold Resources has recently increased by 0.29%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Novagold Resources does not currently pay a dividend.

Dividend Growth

Novagold Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.49% of the float of Novagold Resources has been sold short.

Short Interest Ratio / Days to Cover

Novagold Resources has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Novagold Resources has recently increased by 0.29%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.18

News Sentiment

Novagold Resources has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Novagold Resources this week, compared to 2 articles on an average week.

Search Interest

11 people have searched for NG on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Novagold Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Novagold Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $61,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.39% of the stock of Novagold Resources is held by insiders.

Percentage Held by Institutions

57.56% of the stock of Novagold Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NG Stock Analysis - Frequently Asked Questions

How have NG shares performed this year?

Novagold Resources' stock was trading at $3.43 at the beginning of the year. Since then, NG stock has increased by 94.9% and is now trading at $6.6840.

How were Novagold Resources' earnings last quarter?

Novagold Resources Inc. (NYSEAMERICAN:NG) posted its quarterly earnings results on Wednesday, October, 2nd. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01.
Read the conference call transcript.

Who are Novagold Resources' major shareholders?

Top institutional investors of Novagold Resources include Lingotto Investment Management LLP (8.58%), Kopernik Global Investors LLC (4.70%), First Eagle Investment Management LLC (2.90%) and Bank Pictet & Cie Europe AG (1.39%). Insiders that own company stock include David A Ottewell, Ethan Schutt, Kalidas V Madhavpeddi, Sharon Dowdall, Anthony P Walsh, Diane R Garrett, Hume D Kyle and Gregory A Lang.
View institutional ownership trends.

How do I buy shares of Novagold Resources?

Shares of NG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Novagold Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Novagold Resources investors own include Intact Financial (IFC), Constellation Software (CSU), Meta Platforms (META), NVIDIA (NVDA), Wheaton Precious Metals (WPM), Advanced Micro Devices (AMD) and Tesla (TSLA).

Company Calendar

• Last Earnings: 10/02/2024
• Today: 9/02/2025
• Next Earnings (Estimated): 10/01/2025
• Fiscal Year End: 11/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Basic Materials
• Industry: MINING - GOLD
• Sub-Industry: Precious Metals
• Current Symbol: NYSEAMERICAN:NG
• Previous Symbol: AMEX:NG
• CIK: 1173420
• Web: www.novagold.com
• Phone: (801) 639-0511
• Fax: 801-639-0509
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Novagold Resources: $7.00
• High Price Target: $7.00
• Low Price Target: $7.00
• Potential Upside/Downside: +3.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.13)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$45.62 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -758.79%
• Return on Assets: -27.68%

Debt

• Debt-to-Equity Ratio: 0.96
• Current Ratio: 76.72
• Quick Ratio: 76.72

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.14) per share
• Price / Book: -48.14

Miscellaneous

• Outstanding Shares: 406,900,000
• Free Float: 397,173,000
• Market Cap: $2.74 billion
• Optionable: Not Optionable
• Beta: 0.66