B. Riley Decreases Earnings Estimates for Novagold Resources

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Equities researchers at B. Riley lowered their Q3 2025 earnings per share estimates for Novagold Resources in a research report issued on Monday, July 7th. B. Riley analyst N. Giles now anticipates that the mining company will earn ($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 brokerages have also issued reports on NG. Royal Bank Of Canada raised Novagold Resources from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $5.00 to $7.00 in a research report on Wednesday, June 4th. National Bank Financial raised Novagold Resources to a "hold" rating in a research report on Friday, March 21st.

Novagold Resources Stock Up 2.2%

Shares of NYSEAMERICAN:NG traded up $0.11 during trading on Thursday, hitting $4.83. 1,131,314 shares of the company's stock traded hands, compared to its average volume of 2,560,104. Novagold Resources has a 52 week low of $2.26 and a 52 week high of $5.06. 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 company has a market cap of $1.96 billion, a price-to-earnings ratio of -20.10 and a beta of 0.67. The company has a 50-day moving average price of $4.03 and a 200-day moving average price of $3.52.

Hedge Funds Weigh In On Novagold Resources

A number of institutional investors and hedge funds have recently bought and sold shares of NG. Sterling Capital Management LLC increased its stake in shares of 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 during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Novagold Resources in the first quarter valued at about $29,000. Squarepoint Ops LLC acquired a new stake in shares of Novagold Resources in the fourth quarter valued at about $35,000. Dauntless Investment Group LLC acquired a new stake in shares of Novagold Resources in the first quarter valued at about $39,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Novagold Resources in the first quarter valued at about $44,000. Institutional investors and hedge funds own 57.56% of the company's stock.

Insider Buying and Selling at Novagold Resources

In other Novagold Resources news, Director Hume D. Kyle acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average cost of $4.10 per share, for a total transaction of $41,000.00. Following the transaction, the director directly owned 22,348 shares in the company, valued at $91,626.80. This represents a 80.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.88% of the stock is currently owned by corporate insiders.

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.