FY2026 EPS Forecast for NovaGold Resources Raised by Analyst

NovaGold Resources Inc. (TSE:NG) – Stock analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of NovaGold Resources in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($0.24) for the year, up from their prior forecast of ($0.30). Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.22) EPS.

NovaGold Resources (TSE:NG) last issued its earnings results on Wednesday, June 24th. The company reported C($0.06) earnings per share (EPS) for the quarter.

NovaGold Resources Stock Performance

TSE NG opened at C$8.36 on Monday. NovaGold Resources has a one year low of C$7.03 and a one year high of C$19.69. The company’s 50 day moving average price is C$9.78 and its 200 day moving average price is C$12.26. The firm has a market capitalization of C$3.67 billion, a price-to-earnings ratio of -52.25 and a beta of 3.66.

About NovaGold Resources

NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories (560 million tonnes at an average grade of approximately 2.22 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis)5, inclusive of Proven and Probable Mineral Reserves, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world.