Novagold Resources (NG) Projected to Post Earnings on Wednesday

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) is projected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, June 25th. Analysts expect Novagold Resources to post earnings of ($0.04) per share for the quarter.

Novagold Resources Price Performance

NYSEAMERICAN NG opened at $4.39 on Wednesday. The company has a fifty day moving average of $3.80 and a two-hundred day moving average of $3.46. Novagold Resources has a 1 year low of $2.26 and a 1 year high of $5.06. The company has a market capitalization of $1.79 billion, a PE ratio of -33.77 and a beta of 0.63.

Hedge Funds Weigh In On Novagold Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Novagold Resources in the 1st quarter valued at about $44,000. AQR Capital Management LLC increased its holdings in Novagold Resources by 103.9% in the first quarter. AQR Capital Management LLC now owns 43,740 shares of the mining company’s stock valued at $128,000 after buying an additional 22,289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Novagold Resources by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company’s stock valued at $846,000 after buying an additional 4,896 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Novagold Resources during the 1st quarter worth approximately $157,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Novagold Resources by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,766,867 shares of the mining company’s stock worth $5,159,000 after acquiring an additional 210,631 shares in the last quarter. 57.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NG shares. National Bank Financial raised Novagold Resources to a “hold” rating in a report on Friday, March 21st. Royal Bank Of Canada raised shares of Novagold Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $5.00 to $7.00 in a report on Wednesday, June 4th.

Novagold Resources Company Profile

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.