FY2025 EPS Estimates for TSE:NG Increased by Analyst

Key Points

• National Bank Financial has raised its FY2025 earnings forecast for NovaGold Resources to ($0.15) per share, an improvement from the previous estimate of ($0.17).
• Along with this upgrade, NovaGold Resources' stock ratings have also been positively adjusted by several analysts, with Royal Bank Of Canada upgrading it from "hold" to "moderate buy."
• The company currently holds a market capitalization of C$3.93 billion and its stock has a consensus price target of C$10.00.

NovaGold Resources Inc. (TSE:NG - Free Report) - Stock analysts at National Bank Financial lifted their FY2025 earnings estimates for NovaGold Resources in a report issued on Tuesday, September 9th. National Bank Financial analyst R. Nizami now anticipates that the company will earn ($0.15) per share for the year, up from their prior forecast of ($0.17). National Bank Financial also issued estimates for NovaGold Resources' FY2026 earnings at ($0.15) EPS and FY2027 earnings at ($0.10) EPS.

NG has been the topic of several other research reports. Royal Bank Of Canada raised NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. Citigroup upgraded NovaGold Resources to a "strong-buy" rating in a research report on Tuesday, July 15th. Finally, National Bankshares boosted their target price on NovaGold Resources from C$7.00 to C$10.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$10.00.

NovaGold Resources Stock Performance

Shares of NovaGold Resources stock traded up C$0.10 during trading hours on Friday, hitting C$9.92. The company's stock had a trading volume of 353,191 shares, compared to its average volume of 443,768. The company has a market cap of C$4.04 billion, a PE ratio of -38.15 and a beta of 1.28. NovaGold Resources has a 12-month low of C$3.22 and a 12-month high of C$10.09. The business has a 50 day moving average price of C$8.20 and a two-hundred day moving average price of C$6.16.

Insider Activity

In other news, Director Ethan Schutt bought 3,824 shares of NovaGold Resources stock in a transaction on Monday, July 28th. The shares were bought at an average cost of C$7.17 per share, for a total transaction of C$27,399.34. 26.46% of the stock is owned by corporate insiders.

About NovaGold Resources

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.