NYSEAMERICAN:NG

NovaGold Resources - NG Stock Forecast, Price & News

$5.91

+0.14 (+2.43%)

(As of 03/20/2023 12:00 AM ET)

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Today's Range: $5.73
▼
$5.94
50-Day Range: $4.09
▼
$6.76
52-Week Range: $4.06
▼
$8.36

Volume: 1.30 million shs
Average Volume: 1.08 million shs
Market Capitalization: $1.97 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.00

Institutional Ownership

NovaGold Resources MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 69.2% Upside
$10.00 Price Target
Short Interest: Bearish
3.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$78,243 Sold Last Quarter
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.

1.57 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
NovaGold Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.00, NovaGold Resources has a forecasted upside of 69.2% from its current price of $5.91.
Amount of Analyst Coverage
NovaGold Resources has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.16% 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 6.9.
Change versus previous month
Short interest in NovaGold Resources has recently increased by 2.27%, indicating that investor sentiment is decreasing.

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.

0.0

News and Social Media Coverage

Search Interest
Only 6 people have searched for NG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added NovaGold Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NovaGold Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $78,243.00 in company stock.
Percentage Held by Insiders
Only 3.25% of the stock of NovaGold Resources is held by insiders.
Percentage Held by Institutions
53.92% 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 -36.94, 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 -36.94, 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 65.67. 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. is a mineral exploration company, which engages in the development of the Donlin Gold project in Alaska. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered in Salt Lake City, UT.

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NG Stock News Headlines

March 10, 2023 | finanznachrichten.de

NOVAGOLD RESOURCES INC.: NOVAGOLD Releases Its 2022 Annual Report Featuring a Conversation Between Dr. Thomas S. Kaplan and Daniela Cambone

March 9, 2023 | finance.yahoo.com

NOVAGOLD Releases Its 2022 Annual Report Featuring a Conversation Between Dr. Thomas S. Kaplan and Daniela Cambone

March 20, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

March 9, 2023 | finance.yahoo.com

NOVAGOLD Releases Its 2022 Annual Report Featuring a Conversation Between Dr. Thomas S. Kaplan and Daniela Cambone

February 26, 2023 | ca.finance.yahoo.com

NovaGold Resources Inc. (NG.TO)

February 2, 2023 | markets.businessinsider.com

RBC Capital Reaffirms Their Hold Rating on Novagold Resources New (NG)

January 27, 2023 | reuters.com

NG.A - | Stock Price & Latest News | Reuters

January 27, 2023 | finance.yahoo.com

NovaGold Resources Inc. (AMEX:NG) Q4 2022 Earnings Call Transcript

March 20, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

January 26, 2023 | seekingalpha.com

NovaGold Resources Inc. (NG) Q4 2022 Earnings Call Transcript

January 25, 2023 | msn.com

NovaGold Resources GAAP EPS of -$0.16 misses by $0.02

January 25, 2023 | finance.yahoo.com

NOVAGOLD Reports Fiscal Year 2022 Financial Results

January 24, 2023 | benzinga.com

A Preview Of Novagold Resources's Earnings

January 18, 2023 | finance.yahoo.com

Should You Consider Adding NovaGold Resources (NG) to Your Portfolio?

January 14, 2023 | thestreet.com

NovaGold Does Not Dazzle

January 11, 2023 | benzinga.com

SAVE THE DATE: NOVAGOLD 2022 Year-End Financial Results Release, Conference Call and Video Webcast

January 11, 2023 | finance.yahoo.com

SAVE THE DATE: NOVAGOLD 2022 Year-End Financial Results Release, Conference Call and Video Webcast

January 9, 2023 | finance.yahoo.com

NovaGold Resources Inc.'s (TSE:NG) high institutional ownership speaks for itself as stock continues to impress, up 12% over last week

January 7, 2023 | marketwatch.com

Gold Mining Market 2023 : Trends, Industry Structure, Development, Demographics, Developing Factors By 2028

November 29, 2022 | seekingalpha.com

Tracking John Paulson's Paulson & Company Portfolio - Q3 2022 Update

October 12, 2022 | markets.businessinsider.com

Analysts Are Neutral on Top Materials Stocks: Franco-Nevada (FNV), Novagold Resources New (NG)

October 6, 2022 | finance.yahoo.com

U.K. could face 3-hour power outages in ‘worst-case’ scenario, utility warns

September 28, 2022 | seekingalpha.com

NG NovaGold Resources Inc.

September 21, 2022 | apnews.com

SAVE THE DATE: NOVAGOLD 2022 Third Quarter Financial Results Release, Conference Call and ...

September 20, 2022 | benzinga.com

SAVE THE DATE: NOVAGOLD 2022 Third Quarter Financial Results Release, Conference Call and Video Webcast

September 20, 2022 | finance.yahoo.com

SAVE THE DATE: NOVAGOLD 2022 Third Quarter Financial Results Release, Conference Call and Video Webcast

August 6, 2022 | seekingalpha.com

NovaGold: Valuation Beginning To Improve

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30 days | 90 days | 365 days | Advanced Chart

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NG Company Calendar

Last Earnings: 9/28/2021
Today: 3/20/2023
Next Earnings (Estimated): 4/03/2023
Fiscal Year End: 11/30/2023

Get Stock Alerts

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: $10.00
High Stock Price Forecast: $11.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +68.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 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: -109.50%
Return on Assets: -30.80%

Debt

Debt-to-Equity Ratio: 4.14
Current Ratio: 33.17
Quick Ratio: 33.17

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: 65.89

Miscellaneous

Outstanding Shares: 333,970,000
Free Float: 323,112,000
Market Cap: $1.98 billion
Optionable: Optionable
Beta: 0.81

Key Executives

Gregory A. Lang
President, Chief Executive Officer & Director

David A. Ottewell
Chief Financial Officer & Vice President

Tricia Pannier
Secretary, Director-Human Resources & Corporate

Richard J. Williams
Vice President-Engineering & Development

Mélanie Hennessey
Vice President-Corporate Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NG Stock - Frequently Asked Questions

Should I buy or sell NovaGold Resources stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NovaGold Resources in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NG shares.
View NG analyst ratings or view top-rated stocks.
What is NovaGold Resources' stock price forecast for 2023?: 2 analysts have issued 1-year price targets for NovaGold Resources' stock. Their NG share price forecasts range from $9.00 to $11.00. On average, they anticipate the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 69.2% from the stock's current price.
View analysts price targets for NG or view top-rated stocks among Wall Street analysts.
When is NovaGold Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 3rd 2023.
View our NG earnings forecast.
How were NovaGold Resources' earnings last quarter?: NovaGold Resources Inc. (NYSEAMERICAN:NG) released its earnings results on Tuesday, September, 28th. The mining company reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates of ($0.04). During the same period in the prior year, the business posted ($0.04) earnings per share.
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), Sprott Gold Miners ETF (SGDM) and Fidelity New Millennium ETF (FMIL).iShares North American Natural Resources ETF (IGE).
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), Wheaton Precious Metals (WPM), 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 institutional and retail investors. Top institutional investors include First Eagle Investment Management LLC (5.65%), Exor Capital LLP (4.70%), Van ECK Associates Corp (2.92%), Kopernik Global Investors LLC (2.62%), Pictet & Cie Europe SA (1.20%) and Sprott Inc. (0.80%). Insiders that own company stock include Anthony P Walsh, Clynton R Nauman, David A Ottewell, David Ottewell, 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 $5.91.
How much money does NovaGold Resources make?: NovaGold Resources (NYSEAMERICAN:NG) has a market capitalization of $1.97 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 3/20/2023 by MarketBeat.com Staff

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NovaGold Resources - NG Stock Forecast, Price & News

NovaGold Resources MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About NovaGold Resources (NYSEAMERICAN:NG) Stock

NG Stock News Headlines

NG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NG Stock - Frequently Asked Questions

Overall MarketRank^™