NYSEAMERICAN:NG

NovaGold Resources - NG Stock Forecast, Price & News

$5.98

+0.02 (+0.34%)

(As of 12/8/2022 12:09 PM ET)

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Today's Range: $5.92
▼
$6.06
50-Day Range: $4.09
▼
$6.76
52-Week Range: $4.06
▼
$8.36

Volume: 23,006 shs
Average Volume: 1.52 million shs
Market Capitalization: $1.99 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.25

NovaGold Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 54.7% Upside
$9.25 Price Target
Short Interest: Healthy
3.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.67
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1.31 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.12) to ($0.10) Per Share

Overall MarketRank^™

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

2.02 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
NovaGold Resources has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.25, NovaGold Resources has a forecasted upside of 54.7% from its current price of $5.98.
Amount of Analyst Coverage
NovaGold Resources has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.86% 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 6.1.
Change versus previous month
Short interest in NovaGold Resources has recently decreased by 6.58%, 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.

1.3

News and Social Media Coverage

News Sentiment
NovaGold Resources has a news sentiment score of -0.67. 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 0.43 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for NovaGold Resources this week, compared to 1 article on an average week.
Search Interest
5 people have searched for NG on MarketBeat in the last 30 days. This is an increase of 150% 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 0% 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 $1,314,656.00 in company stock.
Percentage Held by Insiders
Only 3.25% of the stock of NovaGold Resources is held by insiders.
Percentage Held by Institutions
52.06% of the stock of NovaGold Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for NovaGold Resources are expected to grow in the coming year, from ($0.12) to ($0.10) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NovaGold Resources is -39.86, 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 -39.86, 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 24.92. 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.

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NG Stock News Headlines

December 6, 2022 | americanbankingnews.com

NovaGold Resources Inc. (NYSEAMERICAN:NG) Director Anthony P. Walsh Sells 11,896 Shares

December 3, 2022 | americanbankingnews.com

NovaGold Resources (NYSEAMERICAN:NG) Trading Up 4.9%

December 1, 2022 | americanbankingnews.com

NovaGold Resources Inc. (NYSEAMERICAN:NG) CEO Sells $143,746.56 in Stock

November 30, 2022 | americanbankingnews.com

NovaGold Resources Inc. (NYSEAMERICAN:NG) CEO Gregory A. Lang Sells 22,356 Shares

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

July 6, 2022 | seekingalpha.com

NovaGold Resources Inc. (NG) CEO Greg Lang on Q2 2022 Results - Earnings Call Transcript

July 6, 2022 | seekingalpha.com

NovaGold Resources: Inflationary Pressure Is A Concern

July 4, 2022 | msn.com

TSX Today: What to Watch for in Stocks on Monday, July 4

June 29, 2022 | finance.yahoo.com

NOVAGOLD Reports Second Quarter 2022 Financial Results

June 28, 2022 | seekingalpha.com

NovaGold Resources Q2 2022 Earnings Preview

June 28, 2022 | benzinga.com

Preview: Novagold Resources's Earnings

June 28, 2022 | benzinga.com

Earnings Preview: Novagold Resources

June 17, 2022 | nasdaq.com

Interesting NG Put And Call Options For August 19th

June 16, 2022 | finance.yahoo.com

Gas prices: Biden administration needs to ‘rethink their policies,’ API exec says

June 14, 2022 | finance.yahoo.com

NOVAGOLD’s Long-Term Director Igor Levental Passes Away

May 29, 2022 | seekingalpha.com

Barrick Should Acquire NovaGold's Remaining 50% Of Donlin Now

May 20, 2022 | finance.yahoo.com

NOVAGOLD Announces Election of Directors and Voting Results from 2022 Virtual Annual General Meeting of Shareholders

May 5, 2022 | finance.yahoo.com

Is NovaGold Resources (TSE:NG) Using Debt Sensibly?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NG Company Calendar

Last Earnings: 10/04/2022
Today: 12/08/2022
Next Earnings (Estimated): 1/24/2023
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: (604) 669-6227
Fax: 801-639-0509
Employees: 13
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.25
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +54.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-40,540,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -84.45%
Return on Assets: -28.05%

Debt

Debt-to-Equity Ratio: 2.96
Current Ratio: 45.44
Quick Ratio: 45.43

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.24 per share
Price / Book: 24.92

Miscellaneous

Outstanding Shares: 333,423,000
Free Float: 322,555,000
Market Cap: $1.99 billion
Optionable: Optionable
Beta: 0.73

Key Executives

Mr. Gregory A. Lang (Age 67)
Pres, CEO & Non-Independent Director
Comp: $1.78M

Mr. David A. Ottewell CA (Age 61)
VP & CFO
Comp: $859.22k

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.

Mr. Richard Williams B.Sc.
VP of Engineering & Devel.

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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NovaGold Resources in the last twelve months. There are currently 1 hold rating and 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?: 3 brokers have issued 1-year price targets for NovaGold Resources' stock. Their NG share price forecasts range from $8.00 to $10.00. On average, they expect the company's stock price to reach $9.25 in the next year. This suggests a possible upside of 54.7% 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 2022?: NovaGold Resources' stock was trading at $8.67 at the start of the year. Since then, NG stock has decreased by 31.0% and is now trading at $5.98.
View the best growth stocks for 2022 here.
When is NovaGold Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our NG earnings forecast.
How were NovaGold Resources' earnings last quarter?: NovaGold Resources Inc. (NYSEAMERICAN:NG) issued its quarterly earnings data on Tuesday, October, 4th. The mining company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by $0.03.

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 retail and institutional investors. Top institutional shareholders include Exor Capital LLP (4.43%), BlackRock Inc. (3.79%), Van ECK Associates Corp (2.86%), Vanguard Group Inc. (2.76%), Kopernik Global Investors LLC (2.04%) and Deer Park Road Corp (0.54%). 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 $5.98.
How much money does NovaGold Resources make?: NovaGold Resources (NYSEAMERICAN:NG) has a market capitalization of $1.99 billion. The mining company earns $-40,540,000.00 in net income (profit) each year or ($0.15) 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 (604) 669-6227, via email at melanie.hennessey@novagold.com, or via fax at 801-639-0509.

This page (NYSEAMERICAN:NG) was last updated on 12/8/2022 by MarketBeat.com Staff

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