Equities analysts expect that NovaGold Resources Inc. (NYSE:NG – Get Rating) will post ($0.02) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for NovaGold Resources’ earnings. NovaGold Resources reported earnings per share of ($0.03) in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that NovaGold Resources will report full year earnings of ($0.10) per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of ($0.09) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NovaGold Resources.
Separately, StockNews.com started coverage on NovaGold Resources in a research note on Thursday, March 31st. They issued a “sell” rating for the company.
About NovaGold Resources (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.
- Get a free copy of the StockNews.com research report on NovaGold Resources (NG)
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