B. Riley Decreases Earnings Estimates for Novagold Resources

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - B. Riley reduced their Q3 2025 earnings per share (EPS) estimates for shares of Novagold Resources in a note issued to investors on Monday, July 7th. B. Riley analyst N. Giles now anticipates that the mining company will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.04). B. Riley also issued estimates for Novagold Resources' Q4 2025 earnings at ($0.04) EPS, FY2026 earnings at ($0.16) EPS and FY2027 earnings at ($0.16) EPS.

A number of other analysts also recently weighed in on NG. Royal Bank Of Canada upgraded shares of Novagold Resources from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $5.00 to $7.00 in a research report on Wednesday, June 4th. National Bank Financial upgraded shares of Novagold Resources to a "hold" rating in a report on Friday, March 21st.

Novagold Resources Trading Up 2.8%

Novagold Resources stock traded up $0.13 during trading hours on Thursday, reaching $4.72. 2,106,831 shares of the company's stock traded hands, compared to its average volume of 2,565,674. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -19.67 and a beta of 0.67. 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 fifty-two week low of $2.26 and a fifty-two week high of $5.06. The firm's 50 day moving average is $4.02 and its 200-day moving average is $3.52.

Institutional Investors Weigh In On Novagold Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position 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 buying an additional 6,959 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Novagold Resources in the 1st quarter worth approximately $29,000. Squarepoint Ops LLC bought a new stake in shares of Novagold Resources in the 4th quarter valued at $35,000. Dauntless Investment Group LLC acquired a new stake in shares of Novagold Resources during the first quarter worth $39,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Novagold Resources during the first quarter worth $44,000. 57.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Novagold Resources

In related news, Director Hume D. Kyle bought 10,000 shares of Novagold Resources stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $4.10 per share, with a total value of $41,000.00. Following the acquisition, the director owned 22,348 shares in the company, valued at $91,626.80. This trade represents a 80.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.88% of the company's stock.

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.