Analysts Issue Forecasts for Novagold Resources Q3 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – B. Riley lowered their Q3 2025 earnings estimates for Novagold Resources in a report issued on Monday, July 7th. B. Riley analyst N. Giles now forecasts that the mining company will earn ($0.07) per share for the quarter, down from their previous estimate of ($0.04). B. Riley also issued estimates for Novagold Resources’ Q4 2025 earnings at ($0.04) EPS, FY2026 earnings at ($0.16) EPS and FY2027 earnings at ($0.16) EPS.

Other equities analysts have also issued reports about the stock. National Bank Financial upgraded shares of Novagold Resources to a “hold” rating in a research report on Friday, March 21st. Royal Bank Of Canada upgraded shares of Novagold Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $5.00 to $7.00 in a research report on Wednesday, June 4th.

Novagold Resources Price Performance

NG stock opened at $4.72 on Thursday. The company has a market capitalization of $1.92 billion, a P/E ratio of -19.67 and a beta of 0.67. Novagold Resources has a twelve month low of $2.26 and a twelve month high of $5.06. The business has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $3.52. The company has a current ratio of 76.72, a quick ratio of 76.72 and a debt-to-equity ratio of 0.96.

Insiders Place Their Bets

In other news, Director Hume D. Kyle bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $4.10 per share, with a total value of $41,000.00. Following the purchase, the director owned 22,348 shares of the company’s stock, valued at $91,626.80. This trade represents a 80.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.88% of the company’s stock.

Institutional Trading of Novagold Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NG. Kopernik Global Investors LLC grew its holdings in Novagold Resources by 23.1% in the 4th quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company’s stock valued at $56,633,000 after buying an additional 3,187,981 shares during the period. Empyrean Capital Partners LP grew its holdings in Novagold Resources by 239.1% in the 1st quarter. Empyrean Capital Partners LP now owns 1,933,066 shares of the mining company’s stock valued at $5,645,000 after buying an additional 1,363,066 shares during the period. Alps Advisors Inc. grew its holdings in Novagold Resources by 458.9% in the 1st quarter. Alps Advisors Inc. now owns 1,143,199 shares of the mining company’s stock valued at $3,338,000 after buying an additional 938,639 shares during the period. Nuveen LLC purchased a new stake in Novagold Resources in the 1st quarter valued at about $2,539,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Novagold Resources during the 4th quarter worth about $1,952,000. Hedge funds and other institutional investors own 57.56% of the company’s stock.

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.