What is Scotiabank's Forecast for TSE:NG FY2026 Earnings?

Key Points

• Scotiabank analyst O. Habib forecasts NovaGold will report FY2026 EPS of ($0.30) (and the same for FY2027) and has a Strong-Buy rating on the stock.
• Analyst consensus is bullish—three Strong Buy and two Buy ratings—giving an average rating of Strong Buy and an average target price of C$18.00, while Canaccord recently raised the stock to a "moderate buy."
• The shares opened at C$11.66 (market cap C$5.12B) and trade well below the average target; the company posted quarterly EPS of C($0.05) and owns 50% of the Donlin Gold project.

NovaGold Resources Inc. (TSE:NG - Free Report) - Scotiabank issued their FY2026 earnings per share (EPS) estimates for NovaGold Resources in a research report issued on Wednesday, May 6th. Scotiabank analyst O. Habib anticipates that the company will post earnings of ($0.30) per share for the year. Scotiabank has a "Strong-Buy" rating on the stock. Scotiabank also issued estimates for NovaGold Resources' FY2027 earnings at ($0.30) EPS.

Separately, Canaccord Genuity Group raised shares of NovaGold Resources to a "moderate buy" rating in a research note on Thursday, March 26th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat, NovaGold Resources has an average rating of "Strong Buy" and an average target price of C$18.00.

NovaGold Resources Price Performance

TSE:NG opened at C$11.66 on Friday. The company has a market capitalization of C$5.12 billion, a price-to-earnings ratio of -44.85 and a beta of 3.28. The business has a 50 day moving average of C$13.45 and a 200 day moving average of C$13.31. NovaGold Resources has a 1-year low of C$4.71 and a 1-year high of C$19.69.

NovaGold Resources (TSE:NG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($0.05) EPS for the quarter.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.

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