B. Riley Estimates Novagold Resources Q1 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Investment analysts at B. Riley issued their Q1 2026 EPS estimates for Novagold Resources in a report issued on Monday, July 7th. B. Riley analyst N. Giles forecasts that the mining company will post earnings per share of ($0.04) for the quarter. B. Riley also issued estimates for Novagold Resources' Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at ($0.04) EPS, Q1 2027 earnings at ($0.04) EPS and Q2 2027 earnings at ($0.04) EPS.

Several other equities research analysts also recently weighed in on NG. National Bank Financial upgraded shares of Novagold Resources to a "hold" rating in a research note on Friday, March 21st. Royal Bank Of Canada upgraded shares of 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 Stock Up 3.4%

NG stock traded up $0.15 during trading on Wednesday, hitting $4.59. 3,354,917 shares of the company's stock traded hands, compared to its average volume of 2,556,810. The firm has a market capitalization of $1.87 billion, a P/E ratio of -19.12 and a beta of 0.67. The business has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $3.51. The company has a quick ratio of 76.72, a current ratio of 76.72 and a debt-to-equity ratio of 0.96. Novagold Resources has a 1 year low of $2.26 and a 1 year high of $5.06.

Insider Activity at Novagold Resources

In other Novagold Resources news, Director Hume D. Kyle purchased 10,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $41,000.00. Following the completion of the transaction, the director owned 22,348 shares of the company's stock, valued at $91,626.80. The trade was a 80.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Novagold Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Kopernik Global Investors LLC increased its stake 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 buying an additional 1,584,886 shares during the period. Vanguard Group Inc. increased its stake 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 buying an additional 71,256 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 20,218 shares during the period. Amundi increased its stake 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 buying an additional 375,697 shares during the period. Finally, Invesco Ltd. increased its stake in Novagold Resources by 1.7% during the 4th quarter. Invesco Ltd. now owns 2,313,942 shares of the mining company's stock worth $7,705,000 after buying an additional 39,167 shares during the period. 57.56% of the stock is currently owned by institutional investors and hedge funds.

About Novagold Resources

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.