Q3 EPS Estimates for Novagold Resources Lifted by B. Riley

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – B. Riley lifted their Q3 2025 earnings per share estimates for shares of Novagold Resources in a research report issued on Tuesday, September 30th. B. Riley analyst N. Giles now forecasts that the mining company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.07). B. Riley currently has a “Buy” rating and a $11.00 target price on the stock.

Separately, Citigroup assumed coverage on shares of Novagold Resources in a report on Wednesday, July 16th. They set a “buy” rating and a $7.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $8.33.

Novagold Resources Stock Down 4.6%

Shares of NYSEAMERICAN:NG opened at $9.65 on Thursday. The company’s fifty day moving average is $6.65 and its 200-day moving average is $4.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 76.72 and a current ratio of 76.72. Novagold Resources has a 52 week low of $2.26 and a 52 week high of $10.44. The company has a market capitalization of $3.93 billion, a PE ratio of -38.60 and a beta of 0.77.

Institutional Trading of Novagold Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cary Street Partners Financial LLC acquired a new stake in Novagold Resources in the first quarter valued at $29,000. Shepherd Financial Partners LLC acquired a new stake in Novagold Resources in the 2nd quarter valued at about $41,000. Squarepoint Ops LLC acquired a new stake in Novagold Resources in the 4th quarter valued at about $35,000. Quadrature Capital Ltd bought a new position in Novagold Resources during the second quarter worth about $44,000. Finally, Abel Hall LLC acquired a new position in Novagold Resources during the second quarter worth approximately $47,000. Institutional investors and hedge funds 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.