NYSEAMERICAN:NG

NovaGold Resources - NG Stock Forecast, Price & News

$4.95

+0.04 (+0.81%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $4.83
▼
$4.96
50-Day Range: N/A
52-Week Range: $4.22
▼
$8.36

Volume: 610,370 shs
Average Volume: 1.58 million shs
Market Capitalization: $1.65 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

NovaGold Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 61.6% Upside
$8.00 Price Target
Short Interest: Bearish
4.54% 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.

1.58 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 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, NovaGold Resources has a forecasted upside of 61.6% from its current price of $4.95.
Amount of Analyst Coverage
NovaGold Resources has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.54% 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 6.3.
Change versus previous month
Short interest in NovaGold Resources has recently increased by 14.40%, indicating that investor sentiment is decreasing 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.

0.0

News and Social Media Coverage

Search Interest
Only 4 people have searched for NG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

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
29.05% of the stock of NovaGold Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
52.50% 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

Earnings Growth
Earnings for NovaGold Resources are expected to remain at ($0.09) per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of NovaGold Resources is -41.25, 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 -41.25, 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 20.63. 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

August 6, 2022 | seekingalpha.com

NovaGold: Valuation Beginning To Improve

August 3, 2022 | americanbankingnews.com

NovaGold Resources (NYSEAMERICAN:NG) Shares Gap Up to $4.88

July 24, 2022 | americanbankingnews.com

NovaGold Resources Inc. (NYSEAMERICAN:NG) to Post FY2022 Earnings of ($0.14) Per Share, National Bank Financial Forecasts

July 23, 2022 | americanbankingnews.com

NovaGold Resources (NYSEAMERICAN:NG) Research Coverage Started at National Bank Financial

July 4, 2022 | msn.com

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

June 28, 2022 | seekingalpha.com

NovaGold Resources Q2 2022 Earnings Preview

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 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?

April 28, 2022 | finance.yahoo.com

NOVAGOLD Issues 2021 Sustainability Report Outlining Strong Achievements in Building a Lasting Legacy for Stakeholders

April 26, 2022 | nasdaq.com

Shares of NG Now Oversold

April 26, 2022 | nasdaq.com

NG Crosses Below Key Moving Average Level

April 25, 2022 | nasdaq.com

IGE's Holdings Could Mean 11% Gain Potential

April 20, 2022 | finance.yahoo.com

NOVAGOLD Announces Date of its 2022 Virtual Annual General Meeting of Shareholders and Nomination of Kevin McArthur for Election to its Board of Directors

April 5, 2022 | finance.yahoo.com

NOVAGOLD Reports First Quarter 2022 Financial Results

April 4, 2022 | benzinga.com

Earnings Outlook For Novagold Resources

April 4, 2022 | benzinga.com

Novagold Resources's Earnings: A Preview

April 1, 2022 | finance.yahoo.com

Bidenomics: Inflation, oil prices still plaguing Biden administration

March 31, 2022 | finance.yahoo.com

NOVAGOLD Issues its 2021 Annual Report Featuring a Conversation Between Dr. Thomas Kaplan and John Hathaway

March 7, 2022 | nasdaq.com

NG Crosses Above Key Moving Average Level

February 28, 2022 | finance.yahoo.com

Donlin Gold Announces Final Assay Results for 2021 Drill Program

February 2, 2022 | finance.yahoo.com

Novagold (NG) Upgraded to Buy: What Does It Mean for the Stock?

January 31, 2022 | finance.yahoo.com

Account Management LLC Buys Blackstone Inc, ASML Holding NV, Fortinet Inc, Sells ASML Holding ...

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NG Company Calendar

Last Earnings: 6/29/2022
Today: 8/16/2022
Next Earnings (Estimated): 10/04/2022
Fiscal Year End: 11/30/2022

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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: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +61.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.12)
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: -44.04%
Return on Assets: -19.43%

Debt

Debt-to-Equity Ratio: 1.48
Current Ratio: 38.66
Quick Ratio: 38.66

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: 20.63

Miscellaneous

Outstanding Shares: 333,337,000
Free Float: 236,208,000
Market Cap: $1.65 billion
Optionable: Optionable
Beta: 0.65

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?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NovaGold Resources in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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 2022?: 2 brokerages have issued 1 year price targets for NovaGold Resources' stock. Their NG share price forecasts range from $8.00 to $8.00. On average, they predict the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 61.6% 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 $6.60 at the beginning of the year. Since then, NG shares have decreased by 25.0% and is now trading at $4.95.
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, October 4th 2022.
View our NG earnings forecast.
How were NovaGold Resources' earnings last quarter?: NovaGold Resources Inc. (NYSEAMERICAN:NG) issued its earnings results on Wednesday, June, 29th. The mining company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02.

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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (7.50%), Exor Capital LLP (4.26%), Van ECK Associates Corp (2.95%), State Street Corp (1.04%), Northern Trust Corp (0.49%) and Russell Investments Group Ltd. (0.42%). Insiders that own company stock include Anthony P Walsh, Clynton R Nauman, David A Ottewell, Gregory A Lang, Igor Levental, Kalidas V Madhavpeddi and Sharon 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 $4.95.
How much money does NovaGold Resources make?: NovaGold Resources (NYSEAMERICAN:NG) has a market capitalization of $1.65 billion. The mining company earns $-40,540,000.00 in net income (profit) each year or ($0.12) 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 8/17/2022 by MarketBeat.com Staff

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NovaGold Resources - NG Stock Forecast, Price & News

NovaGold Resources MarketRank™ Forecast

Overall MarketRank™