
Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Investment analysts at B. Riley issued their Q2 2025 EPS estimates for shares of Novagold Resources in a research note issued on Tuesday, June 24th. B. Riley analyst N. Giles forecasts that the mining company will earn ($0.04) per share for the quarter. B. Riley also issued estimates for Novagold Resources' Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.12) EPS.
Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada upgraded shares of Novagold Resources from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $5.00 to $7.00 in a research note on Wednesday, June 4th. National Bank Financial upgraded shares of Novagold Resources to a "hold" rating in a research note on Friday, March 21st.
View Our Latest Stock Analysis on NG
Novagold Resources Stock Performance
Shares of NG stock traded down $0.07 during mid-day trading on Wednesday, reaching $4.08. The company's stock had a trading volume of 10,145,301 shares, compared to its average volume of 2,514,976. Novagold Resources has a 1-year low of $2.26 and a 1-year high of $5.06. The company has a market cap of $1.66 billion, a P/E ratio of -17.00 and a beta of 0.63. The firm's 50-day moving average is $4.00 and its two-hundred day moving average is $3.48.
Institutional Investors Weigh In On Novagold Resources
Hedge funds have recently made changes to their positions in the company. Lingotto Investment Management LLP grew its holdings in Novagold Resources by 3.5% during the 4th quarter. Lingotto Investment Management LLP now owns 20,902,054 shares of the mining company's stock worth $69,604,000 after acquiring an additional 702,636 shares during the last quarter. Kopernik Global Investors LLC grew its holdings in Novagold Resources by 9.3% during the 1st quarter. Kopernik Global Investors LLC now owns 18,591,730 shares of the mining company's stock worth $54,288,000 after acquiring an additional 1,584,886 shares during the last quarter. Vanguard Group Inc. grew its holdings in Novagold Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,826,126 shares of the mining company's stock worth $31,603,000 after acquiring an additional 71,256 shares during the last quarter. Geode Capital Management LLC grew its holdings in Novagold Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,067,144 shares of the mining company's stock worth $10,220,000 after acquiring an additional 20,218 shares during the last quarter. Finally, Amundi grew its holdings in Novagold Resources by 15.6% during the 1st quarter. Amundi now owns 2,790,399 shares of the mining company's stock worth $7,925,000 after acquiring an additional 375,697 shares during the last quarter. Institutional investors and hedge funds own 57.56% of the company's stock.
About Novagold Resources
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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.
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