Scotiabank Has Optimistic Outlook of TSE:NG FY2026 Earnings

NovaGold Resources Inc. (TSE:NG) – Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for NovaGold Resources in a research note issued to investors on Friday, April 10th. Scotiabank analyst F. Costanzo now expects that the company will earn ($0.30) per share for the year, up from their prior forecast of ($0.34). Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.30) EPS.

NovaGold Resources (TSE:NG) last released its quarterly earnings data on Thursday, January 22nd. The company reported C($0.05) earnings per share for the quarter.

Separately, Canaccord Genuity Group raised NovaGold Resources to a “moderate buy” rating in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, NovaGold Resources presently has a consensus rating of “Strong Buy” and an average price target of C$18.00.

NovaGold Resources Stock Up 3.3%

TSE NG opened at C$13.92 on Tuesday. The firm has a market cap of C$6.11 billion, a price-to-earnings ratio of -53.54 and a beta of 3.16. The business has a 50-day moving average price of C$13.99 and a 200-day moving average price of C$13.44. NovaGold Resources has a twelve month low of C$3.95 and a twelve month high of C$19.69.

Insider Transactions at NovaGold Resources

In related news, Director Dawn Patricia Whittaker acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were acquired at an average cost of C$12.79 per share, for a total transaction of C$51,160.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately C$51,160. This trade represents a ∞ increase in their position. 26.46% of the stock is currently owned by company 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.