NYSEAMERICAN:NG

NovaGold Resources (NG) Stock Forecast, Price & News

$4.35

-0.01 (-0.23%)

(As of 04:35 PM ET)

Compare

Today's Range: $4.35
▼
$4.46
50-Day Range: $4.27
▼
$6.55
52-Week Range: $3.84
▼
$6.98

Volume: 1.02 million shs
Average Volume: 1.15 million shs
Market Capitalization: $1.45 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.63

NovaGold Resources MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 73.7% Upside
$7.63 Price Target
Short Interest: Healthy
3.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.40 out of 5 stars

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $7.63, NovaGold Resources has a forecasted upside of 73.7% from its current price of $4.39.
Amount of Analyst Coverage
NovaGold Resources has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.40% of the float of NovaGold Resources has been sold short.
Short Interest Ratio / Days to Cover
NovaGold Resources has a short interest ratio ("days to cover") of 6.5.
Change versus previous month
Short interest in NovaGold Resources has recently decreased by 6.94%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
NovaGold Resources does not currently pay a dividend.
Dividend Growth
NovaGold Resources does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NG.

1.7

News and Social Media Coverage

News Sentiment
NovaGold Resources has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for NovaGold Resources this week, compared to 1 article on an average week.
Search Interest
4 people have searched for NG on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added NovaGold Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NovaGold Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.88% of the stock of NovaGold Resources is held by insiders.
Percentage Held by Institutions
53.84% of the stock of NovaGold Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of NovaGold Resources is -27.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of NovaGold Resources is -27.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
NovaGold Resources has a P/B Ratio of 48.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NovaGold Resources (NYSEAMERICAN:NG) Stock

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. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.

NG Price History

30 days | 90 days | 365 days | Advanced Chart

NG Stock News Headlines

September 18, 2023 | americanbankingnews.com

NovaGold Resources (NYSEAMERICAN:NG) Stock Rating Lowered by StockNews.com

September 14, 2023 | finance.yahoo.com

SAVE THE DATE: NOVAGOLD 2023 Third Quarter Financial Results Release, Conference Call and Video Webcast

September 22, 2023 | Behind the Markets (Ad)

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September 14, 2023 | finance.yahoo.com

SAVE THE DATE: NOVAGOLD 2023 Third Quarter Financial Results Release, Conference Call and Video Webcast

September 13, 2023 | americanbankingnews.com

NovaGold Resources (NYSEAMERICAN:NG) Downgraded by StockNews.com to "Sell"

September 12, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Novagold Resources New (NG)

September 5, 2023 | msn.com

Buy NovaGold: Best-In-Class Donlin Gold Resource Ready For Development (Rating Upgrade)

August 10, 2023 | finance.yahoo.com

10 Best Canadian Penny Stocks to Buy Now

September 22, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

July 28, 2023 | finanznachrichten.de

NOVAGOLD RESOURCES INC.: NOVAGOLD Receives $25 Million from Newmont Corporation

July 27, 2023 | finance.yahoo.com

NOVAGOLD Receives $25 Million from Newmont Corporation

June 30, 2023 | finance.yahoo.com

NovaGold Resources Inc. (AMEX:NG) Q2 2023 Earnings Call Transcript

June 28, 2023 | seekingalpha.com

NovaGold Resources Q2: Study After Study For More Studies

June 28, 2023 | msn.com

NovaGold plunges to four-year lows after reporting Q2 loss

June 28, 2023 | seekingalpha.com

NovaGold Resources Inc. 2023 Q2 - Results - Earnings Call Presentation

June 28, 2023 | finanznachrichten.de

NOVAGOLD RESOURCES INC.: NOVAGOLD Reports Second Quarter 2023 Financial Results

June 27, 2023 | juniorminingnetwork.com

NovaGold Resources Reports Second Quarter 2023 Financial Results

June 27, 2023 | msn.com

Recap: Novagold Resources Q2 Earnings

June 27, 2023 | finance.yahoo.com

NOVAGOLD Reports Second Quarter 2023 Financial Results

June 27, 2023 | msn.com

NovaGold To Release Q2 2023 Results, But There's More To Learn

June 26, 2023 | msn.com

Novagold Resources Earnings Preview

June 21, 2023 | markets.businessinsider.com

B.Riley Financial Keeps Their Buy Rating on Novagold Resources New (NG)

June 18, 2023 | finance.yahoo.com

NovaGold Resources Inc.'s (TSE:NG) latest 3.2% decline adds to one-year losses, institutional investors may consider drastic measures

June 14, 2023 | finance.yahoo.com

SAVE THE DATE: NOVAGOLD 2023 Second Quarter Financial Results Release, Conference Call and Video Webcast

May 28, 2023 | seekingalpha.com

NovaGold: Relative Valuation Remains Unattractive

May 23, 2023 | juniorminingnetwork.com

NovaGold Resources Announces Election of Directors and Voting Results from 2023 Virtual Annual General Meeting of Shareholders

May 23, 2023 | finance.yahoo.com

NOVAGOLD Announces Election of Directors and Voting Results from 2023 Virtual Annual General Meeting of Shareholders

See More Headlines

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NG Company Calendar

Last Earnings: 6/27/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/03/2023
Fiscal Year End: 11/30/2023

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSEAMERICAN:NG
Previous Symbol: AMEX:NG
CUSIP: N/A
CIK: 1173420
Web: www.novagold.com
Phone: (801) 639-0511
Fax: 801-639-0509
Employees: 13
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.63
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $5.25
Forecasted Upside/Downside: +73.3%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-53,340,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -212.85%
Return on Assets: -34.64%

Debt

Debt-to-Equity Ratio: 14.75
Current Ratio: 40.75
Quick Ratio: 40.75

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.09 per share
Price / Book: 48.89

Miscellaneous

Outstanding Shares: 334,180,000
Free Float: 324,557,000
Market Cap: $1.47 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Gregory A. Lang (Age 68)
Pres, CEO & Non-Independent Director
Comp: $1.8M

Mr. David A. Ottewell CA (Age 62)
VP & CFO
Comp: $886.34k

Mr. Jason Mercier
Mang. of Investor Relations

Ms. Melanie Hennessey
VP of Corp. Communications

Mr. Ronald Rimelman
VP of Environment, Health, Safety & Sustainability

Ms. Tricia Pannier
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NG Stock - Frequently Asked Questions

What is NovaGold Resources' stock price forecast for 2023?: 0 analysts have issued 12 month price objectives for NovaGold Resources' shares. Their NG share price forecasts range from $5.25 to $10.00. On average, they anticipate the company's share price to reach $7.63 in the next year. This suggests a possible upside of 73.3% from the stock's current price.
View analysts price targets for NG or view top-rated stocks among Wall Street analysts.
How have NG shares performed in 2023?: NovaGold Resources' stock was trading at $6.31 at the beginning of 2023. Since then, NG shares have decreased by 30.3% and is now trading at $4.40.
View the best growth stocks for 2023 here.
When is NovaGold Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 3rd 2023.
View our NG earnings forecast.
How were NovaGold Resources' earnings last quarter?: NovaGold Resources Inc. (NYSEAMERICAN:NG) issued its earnings results on Tuesday, June, 27th. The mining company reported ($0.04) earnings per share for the quarter.
What ETFs hold NovaGold Resources' stock?: ETFs with the largest weight of NovaGold Resources (NYSEAMERICAN:NG) stock in their portfolio include Sprott Junior Gold Miners ETF (SGDJ), Global X Gold Explorers ETF (GOEX) and Sprott Gold Miners ETF (SGDM).VanEck Junior Gold Miners ETF (GDXJ).
What other stocks do shareholders of NovaGold Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NovaGold Resources investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), IAMGOLD (IAG), Vermilion Energy (VET), Rogers Communications (RCI) and Wheaton Precious Metals (WPM).

What is NovaGold Resources' stock symbol?: NovaGold Resources trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "NG."
Who are NovaGold Resources' major shareholders?: NovaGold Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.24%), Kopernik Global Investors LLC (3.56%), Van ECK Associates Corp (2.49%), State Street Corp (1.09%), Geode Capital Management LLC (0.72%) and Northern Trust Corp (0.48%). Insiders that own company stock include Anthony P Walsh, Clynton R Nauman, David A Ottewell, David Ottewell, Diane R Garrett, Gregory A Lang, Gregory Anthony Lang, Igor Levental, Kalidas Madhavpeddi, Kalidas V Madhavpeddi, Melanie Hennessey, Richard Williams, Ronald Rimelman, Sharon Dowdall and Sharon Elizabeth Dowdall.
View institutional ownership trends.
How do I buy shares of NovaGold Resources?: Shares of NG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NovaGold Resources' stock price today?: One share of NG stock can currently be purchased for approximately $4.40.
How much money does NovaGold Resources make?: NovaGold Resources (NYSEAMERICAN:NG) has a market capitalization of $1.47 billion. The mining company earns $-53,340,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.
How can I contact NovaGold Resources?: NovaGold Resources' mailing address is 789 Pender St W Suite 720, VANCOUVER, BC V6C 1H2, Canada. The official website for the company is www.novagold.com. The mining company can be reached via phone at (801) 639-0511, via email at melanie.hennessey@novagold.com, or via fax at 801-639-0509.

This page (NYSEAMERICAN:NG) was last updated on 9/22/2023 by MarketBeat.com Staff

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