Analysts Set Expectations for Novagold Resources Q1 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Analysts at B. Riley issued their Q1 2026 EPS estimates for shares of Novagold Resources in a research note issued to investors on Monday, July 7th. B. Riley analyst N. Giles expects that the mining company will earn ($0.04) per share 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 brokerages have also issued reports on NG. National Bank Financial raised shares of Novagold Resources to a "hold" rating in a research note on Friday, March 21st. Royal Bank Of Canada raised shares of Novagold Resources from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $5.00 to $7.00 in a research note on Wednesday, June 4th.

Novagold Resources Trading Up 1.7%

Shares of NYSEAMERICAN:NG traded up $0.08 during trading on Wednesday, reaching $4.80. The stock had a trading volume of 2,268,338 shares, compared to its average volume of 2,573,560. The firm's fifty day moving average is $4.05 and its 200 day moving average is $3.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 76.72 and a current ratio of 76.72. Novagold Resources has a 52 week low of $2.26 and a 52 week high of $5.06. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -20.00 and a beta of 0.67.

Insiders Place Their Bets

In other Novagold Resources news, Director Hume D. Kyle bought 10,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $41,000.00. Following the completion of the transaction, the director directly owned 22,348 shares of the company's stock, valued at $91,626.80. This trade represents a 80.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.88% of the company's stock.

Hedge Funds Weigh In On Novagold Resources

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in Novagold Resources by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company's stock valued at $26,000 after purchasing an additional 6,959 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Novagold Resources in the first quarter valued at approximately $29,000. Squarepoint Ops LLC purchased a new stake in Novagold Resources in the fourth quarter valued at approximately $35,000. Dauntless Investment Group LLC purchased a new stake in Novagold Resources in the first quarter valued at approximately $39,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Novagold Resources in the first quarter valued at approximately $44,000. 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.