NovaGold Resources (NG) Stock Price, News & Analysis

Company Overview

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.

Key Stats

• Today's Range: C$4.98 to C$5.15
• 50-Day Range: C$4.55 to C$6.11
• 52-Week Range: C$2.98 to C$6.73
• Volume: 152,800 shs
• Average Volume: 244,636 shs
• Market Capitalization: C$1.69 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$7.00
• Consensus Rating: Moderate Buy

NovaGold Resources Stock Analysis - MarketRank™

NovaGold Resources scored higher than 42% 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: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

NovaGold Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

NovaGold Resources has only been the subject of 1 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 -26.53, 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 -26.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NG.

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

Short Interest

There is no current short interest data available for NG.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

NovaGold Resources has a news sentiment score of 0.67. 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 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for NovaGold Resources this week, compared to 0 articles on an average week.

Search Interest

Only 10 people have searched for NG on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NovaGold Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.46% of the stock of NovaGold Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.39% 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 C$4.91 on January 1st, 2024. Since then, NG shares have increased by 2.6% and is now trading at C$5.04.
View the best growth stocks for 2024 here.

How were NovaGold Resources' earnings last quarter?

NovaGold Resources Inc. (TSE:NG) released its quarterly earnings data on Wednesday, October, 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter.

How do I buy shares of NovaGold Resources?

Shares of NG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

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 Crescent Energy (CRGY), Chubb (CB), Capricor Therapeutics (CAPR), Bioventus (BVS), Butterfly Network (BFLY), AstraZeneca (AZN) and Austin Gold (AUST).

Company Calendar

• Last Earnings: 10/02/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: Precious Metals
• Current Symbol: TSE:NG
• CUSIP: N/A
• CIK: N/A
• Web: www.novagold.com
• Phone: 604-669-6227
• Fax: N/A
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$7.00
• High Stock Price Target: C$7.00
• Low Stock Price Target: C$7.00
• Potential Upside/Downside: +38.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: C$-45,180,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -1,791.48%
• Return on Assets: -12.05%

Debt

• Debt-to-Equity Ratio: 327,124.37
• Current Ratio: 29.83
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C($0.11) per share
• Price / Book: -45.82

Miscellaneous

• Outstanding Shares: 334,570,000
• Free Float: N/A
• Market Cap: C$1.69 billion
• Optionable: N/A
• Beta: 1.07