B. Riley Has Weak Outlook for Novagold Resources Q3 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG - Equities research analysts at B. Riley cut their Q3 2025 earnings estimates for Novagold Resources in a report released on Monday, July 7th. B. Riley analyst N. Giles now expects that the mining company will post earnings per share of ($0.07) 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 research analysts have also recently weighed in on NG. Royal Bank Of Canada raised shares of Novagold Resources from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $5.00 to $7.00 in a report on Wednesday, June 4th. National Bank Financial raised shares of Novagold Resources to a "hold" rating in a research note on Friday, March 21st.

Novagold Resources Stock Performance

NG traded up $0.08 on Thursday, reaching $4.80. The stock had a trading volume of 2,268,338 shares, compared to its average volume of 2,573,560. Novagold Resources has a 12-month low of $2.26 and a 12-month 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 business's 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.53. The company has a market cap of $1.95 billion, a P/E ratio of -20.00 and a beta of 0.67.

Insider Buying and Selling at Novagold Resources

In related news, Director Hume D. Kyle acquired 10,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $41,000.00. Following the acquisition, the director owned 22,348 shares in the company, valued at $91,626.80. The trade was a 80.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Novagold Resources

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Novagold Resources by 21.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,415 shares of the mining company's stock valued at $48,000 after buying an additional 2,848 shares during the period. Mackenzie Financial Corp boosted its position in Novagold Resources by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 144,463 shares of the mining company's stock valued at $483,000 after buying an additional 3,871 shares during the period. MetLife Investment Management LLC boosted its position in Novagold Resources by 3.7% in the 1st quarter. MetLife Investment Management LLC now owns 136,723 shares of the mining company's stock valued at $399,000 after buying an additional 4,880 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Novagold Resources by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company's stock valued at $846,000 after buying an additional 4,896 shares during the period. Finally, Significant Wealth Partners LLC boosted its position in Novagold Resources by 20.9% in the 1st quarter. Significant Wealth Partners LLC now owns 38,546 shares of the mining company's stock valued at $113,000 after buying an additional 6,670 shares during the period. 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.