FY2026 Earnings Forecast for TSE:NG Issued By Scotiabank

NovaGold Resources Inc. (TSE:NG) – Equities researchers at Scotiabank issued their FY2026 earnings per share estimates for shares of NovaGold Resources in a research report issued on Wednesday, February 11th. Scotiabank analyst F. Costanzo forecasts that the company will post earnings of ($0.34) per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.33) EPS.

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

A number of other brokerages have also issued reports on NG. BMO Capital Markets upgraded NovaGold Resources to a “strong-buy” rating in a research note on Tuesday, November 4th. National Bank Financial raised NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 price objective for the company in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$18.00.

NovaGold Resources Price Performance

Shares of TSE NG opened at C$14.63 on Monday. The stock has a market cap of C$6.41 billion, a PE ratio of -58.52 and a beta of 2.15. NovaGold Resources has a 1 year low of C$3.22 and a 1 year high of C$16.27. The firm has a fifty day moving average price of C$13.63 and a 200-day moving average price of C$11.95.

Insider Activity at NovaGold Resources

In related news, Director Dawn Patricia Whittaker purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of C$12.79 per share, with a total value of C$51,160.00. Following the purchase, the director owned 4,000 shares of the company’s stock, valued at C$51,160. This represents a ∞ increase in their position. 26.46% of the stock is owned by corporate insiders.

NovaGold Resources Company Profile

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.