Novagold Resources (NG) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Novagold Resources is expected to announce its Q3 2025 earnings on October 1st, with analysts predicting a loss of $0.07 per share.
• Director Hume D. Kyle significantly increased his stake in Novagold by purchasing 10,000 shares at $4.10 per share, raising his total ownership to 22,348 shares.
• Institutional investors hold 57.56% of Novagold's stock, with recent activity including significant purchases by firms like AQR Capital Management and Goldman Sachs Group.

Novagold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG is anticipated to issue its Q3 2025 results before the market opens on Wednesday, October 1st. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Parties may review the information on the company's upcoming Q3 2025 earningreport for the latest details on the call scheduled for Tuesday, September 30, 2025 at 11:00 AM ET.

Novagold Resources Stock Up 1.2%

Shares of NYSEAMERICAN NG opened at $7.73 on Wednesday. The company has a current ratio of 76.72, a quick ratio of 76.72 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.15 billion, a PE ratio of -32.21 and a beta of 0.66. The stock's fifty day simple moving average is $6.22 and its two-hundred day simple moving average is $4.58. Novagold Resources has a 12-month low of $2.26 and a 12-month high of $8.06.

Insider Buying and Selling

In related news, Director Hume D. Kyle bought 10,000 shares of the stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $41,000.00. Following the acquisition, the director directly owned 22,348 shares in the company, valued at approximately $91,626.80. This trade represents a 80.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.39% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NG. Cubist Systematic Strategies LLC acquired a new position in shares of Novagold Resources during the 1st quarter worth approximately $44,000. AQR Capital Management LLC boosted its holdings in shares of Novagold Resources by 103.9% during the 1st quarter. AQR Capital Management LLC now owns 43,740 shares of the mining company's stock worth $128,000 after purchasing an additional 22,289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Novagold Resources by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company's stock valued at $846,000 after acquiring an additional 4,896 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Novagold Resources in the first quarter valued at approximately $157,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Novagold Resources by 13.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,766,867 shares of the mining company's stock valued at $5,159,000 after acquiring an additional 210,631 shares during the last quarter. 57.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NG has been the topic of several recent research reports. Royal Bank Of Canada raised Novagold Resources from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $5.00 to $7.00 in a research report on Wednesday, June 4th. Citigroup assumed coverage on Novagold Resources in a research report on Wednesday, July 16th. They issued a "buy" rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $7.00.

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.

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