B. Riley Estimates Novagold Resources Q2 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Equities researchers at B. Riley issued their Q2 2025 earnings per share estimates for shares of Novagold Resources in a research note issued to investors on Tuesday, June 24th. B. Riley analyst N. Giles anticipates that the mining company will post earnings per share of ($0.04) 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.

A number of other research analysts have also recently commented on NG. National Bank Financial raised shares of Novagold Resources to a "hold" rating in a research report on Friday, March 21st. Royal Bank Of Canada upgraded Novagold Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $5.00 to $7.00 in a research note on Wednesday, June 4th.

Novagold Resources Trading Down 4.4%

Shares of NYSEAMERICAN NG opened at $3.90 on Wednesday. The stock has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.48. Novagold Resources has a 12-month low of $2.26 and a 12-month high of $5.06. The company has a market cap of $1.59 billion, a P/E ratio of -30.00 and a beta of 0.63.

Institutional Investors Weigh In On Novagold Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC raised its holdings in shares of Novagold Resources by 23.1% during the fourth quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company's stock valued at $56,633,000 after buying an additional 3,187,981 shares during the last quarter. Empyrean Capital Partners LP increased its position in Novagold Resources by 239.1% in the 1st quarter. Empyrean Capital Partners LP now owns 1,933,066 shares of the mining company's stock valued at $5,645,000 after acquiring an additional 1,363,066 shares during the period. Alps Advisors Inc. increased its position in Novagold Resources by 458.9% in the 1st quarter. Alps Advisors Inc. now owns 1,143,199 shares of the mining company's stock valued at $3,338,000 after acquiring an additional 938,639 shares during the period. Nuveen LLC bought a new stake in Novagold Resources during the 1st quarter valued at $2,539,000. Finally, Lingotto Investment Management LLP raised its stake 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 valued at $69,604,000 after acquiring an additional 702,636 shares in the last quarter. 57.56% of the stock is currently owned by institutional investors.

Novagold Resources Company Profile

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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