Q3 EPS Estimates for Novagold Resources Lifted by Analyst

Key Points

• Analysts at B. Riley have raised their Q3 2025 earnings per share (EPS) estimates for Novagold Resources from (-$0.07) to (-$0.04), maintaining a "Buy" rating with a price target of $11.00.
• Novagold Resources' stock recently opened at $10.12 and is experiencing significant interest from hedge funds, with over 57.56% of its stock owned by institutional investors.
• Multiple analysts have issued positive ratings, contributing to a consensus "Buy" rating and an average price target of $8.33 for the stock.

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Analysts at B. Riley raised their Q3 2025 earnings per share (EPS) estimates for Novagold Resources in a research report issued to clients and investors on Tuesday, September 30th. B. Riley analyst N. Giles now forecasts that the mining company will post earnings per share of ($0.04) for the quarter, up from their previous forecast of ($0.07). B. Riley has a "Buy" rating and a $11.00 price objective on the stock.

Other analysts have also issued reports about the company. Citigroup initiated coverage on Novagold Resources in a research report on Wednesday, July 16th. They set a "buy" rating and a $7.00 target price on the stock. Royal Bank Of Canada raised Novagold Resources from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $5.00 to $7.00 in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $8.33.

Novagold Resources Trading Up 15.0%

NYSEAMERICAN:NG opened at $10.12 on Thursday. The business's 50-day moving average is $6.57 and its two-hundred day moving average is $4.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 76.72 and a quick ratio of 76.72. Novagold Resources has a 12 month low of $2.26 and a 12 month high of $10.16. The firm has a market capitalization of $4.12 billion, a PE ratio of -42.16 and a beta of 0.77.

Hedge Funds Weigh In On Novagold Resources

Hedge funds have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in Novagold Resources in the first quarter worth about $29,000. Shepherd Financial Partners LLC acquired a new position in Novagold Resources in the second quarter worth about $41,000. Squarepoint Ops LLC bought a new position in shares of Novagold Resources during the fourth quarter valued at approximately $35,000. Quadrature Capital Ltd bought a new position in shares of Novagold Resources during the second quarter valued at approximately $44,000. Finally, Abel Hall LLC bought a new position in shares of Novagold Resources during the second quarter valued at approximately $47,000. 57.56% of the stock is currently owned by institutional investors and hedge funds.

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.

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