Brokerages Anticipate NovaGold Resources Inc. (NYSE:NG) to Announce -$0.02 Earnings Per Share

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.

NYSE:NG opened at $5.51 on Wednesday. NovaGold Resources has a 1 year low of $5.22 and a 1 year high of $10.45. 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 stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -42.38 and a beta of 0.76.

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.

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