National Bank Financial Weighs in on TSE:NG FY2025 Earnings

NovaGold Resources Inc. (TSE:NG) – Equities researchers at National Bank Financial lifted their FY2025 earnings per share estimates for shares of NovaGold Resources in a research report issued to clients and investors on Tuesday, September 9th. National Bank Financial analyst R. Nizami now anticipates that the company will post earnings of ($0.15) per share for the year, up from their prior estimate of ($0.17). National Bank Financial also issued estimates for NovaGold Resources’ FY2026 earnings at ($0.15) EPS and FY2027 earnings at ($0.10) EPS.

A number of other equities research analysts have also commented on the company. National Bankshares increased their price target on NovaGold Resources from C$7.00 to C$10.00 and gave the company a “sector perform” rating in a research report on Wednesday. Citigroup upgraded shares of NovaGold Resources to a “strong-buy” rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada raised shares of NovaGold Resources from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NovaGold Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$10.00.

NovaGold Resources Stock Down 0.7%

NG stock opened at C$9.60 on Friday. NovaGold Resources has a twelve month low of C$3.22 and a twelve month high of C$9.75. The stock’s 50 day moving average is C$8.05 and its 200-day moving average is C$6.07. The firm has a market capitalization of C$3.91 billion, a PE ratio of -36.92 and a beta of 1.28.

Insider Activity at NovaGold Resources

In related news, Director Ethan Schutt purchased 3,824 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average cost of C$7.17 per share, with a total value of C$27,399.34. 26.46% of the stock is owned by insiders.

About NovaGold Resources

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.