Zacks: Analysts Expect NovaGold Resources Inc. (NYSE:NG) Will Announce Earnings of -$0.02 Per Share

Analysts expect that NovaGold Resources Inc. (NYSE:NG – Get Rating) will post earnings of ($0.02) per share for the current quarter, according to Zacks. Zero analysts have provided estimates for NovaGold Resources’ earnings. NovaGold Resources reported earnings of ($0.03) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that NovaGold Resources will report full-year earnings of ($0.10) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.09) per share. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for NovaGold Resources.

Separately, StockNews.com began coverage on NovaGold Resources in a research report on Thursday, March 31st. They issued a “sell” rating for the company.

NG traded down $0.14 on Thursday, reaching $7.57. The company’s stock had a trading volume of 183,303 shares, compared to its average volume of 1,528,786. The company has a quick ratio of 68.08, a current ratio of 68.08 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -58.15 and a beta of 0.65. NovaGold Resources has a fifty-two week low of $5.97 and a fifty-two week high of $10.45.

NovaGold Resources Company Profile (Get Rating)

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.

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