TSE:NG FY2025 EPS Increased by National Bank Financial

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) - Equities researchers at National Bank Financial upped their FY2025 earnings estimates for NovaGold Resources in a research report issued on Tuesday, September 9th. National Bank Financial analyst R. Nizami now expects that the company will post earnings per share of ($0.15) for the year, up from their prior estimate 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.

Other analysts have also recently issued research reports about the stock. Citigroup upgraded shares of NovaGold Resources to a "strong-buy" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada upgraded shares of NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. Finally, National Bankshares raised their target price on shares of NovaGold Resources from C$7.00 to C$10.00 and gave the stock a "sector perform" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$10.00.

NovaGold Resources Trading Down 0.7%

TSE:NG traded down C$0.07 during trading hours on Friday, reaching C$9.60. The company had a trading volume of 592,335 shares, compared to its average volume of 440,035. The firm's 50 day moving average price is C$8.05 and its 200-day moving average price is C$6.10. The firm has a market cap of C$3.91 billion, a price-to-earnings ratio of -36.92 and a beta of 1.28. NovaGold Resources has a 52 week low of C$3.22 and a 52 week high of C$9.75.

Insider Buying and Selling at NovaGold Resources

In related news, Director Ethan Schutt bought 3,824 shares of the company's stock in a transaction on Monday, July 28th. The stock was bought at an average cost of C$7.17 per share, with a total value of C$27,399.34. 26.46% of the stock is currently owned by insiders.

NovaGold Resources Company Profile

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.