Scotiabank Estimates Novagold Resources FY2026 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Stock analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Novagold Resources in a report issued on Wednesday, May 6th. Scotiabank analyst O. Habib anticipates that the mining company will post earnings of ($0.22) per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Novagold Resources’ current full-year earnings is ($0.16) per share. Scotiabank also issued estimates for Novagold Resources’ FY2027 earnings at ($0.22) EPS.

Several other brokerages also recently issued reports on NG. Zacks Research raised shares of Novagold Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. B. Riley Financial raised their price objective on shares of Novagold Resources from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada lowered their price objective on shares of Novagold Resources from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Morgan Stanley started coverage on Novagold Resources in a research report on Thursday, April 9th. They issued an “overweight” rating and a $13.80 price target on the stock. Finally, Canaccord Genuity Group assumed coverage on Novagold Resources in a research note on Friday, March 27th. They set a “speculative buy” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Novagold Resources presently has a consensus rating of “Buy” and a consensus price target of $13.26.

Novagold Resources Stock Down 5.6%

Novagold Resources stock opened at $8.52 on Friday. Novagold Resources has a fifty-two week low of $3.37 and a fifty-two week high of $14.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 88.72 and a current ratio of 88.72. The company has a market capitalization of $3.74 billion, a P/E ratio of -32.77 and a beta of 0.76. The stock has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $9.65.

Institutional Investors Weigh In On Novagold Resources

A number of institutional investors have recently added to or reduced their stakes in NG. Cubist Systematic Strategies LLC purchased a new stake in Novagold Resources in the 1st quarter valued at approximately $44,000. AQR Capital Management LLC boosted its holdings in Novagold Resources by 103.9% in the 1st quarter. AQR Capital Management LLC now owns 43,740 shares of the mining company’s stock valued at $128,000 after purchasing an additional 22,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Novagold Resources by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company’s stock valued at $846,000 after purchasing an additional 4,896 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Novagold Resources in the 1st quarter valued at approximately $157,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Novagold Resources by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,766,867 shares of the mining company’s stock valued at $5,159,000 after purchasing an additional 210,631 shares in the last quarter. Hedge funds and other institutional investors own 57.56% of the company’s stock.

About Novagold Resources

Novagold Resources Inc is a mineral exploration and development company headquartered in Vancouver, British Columbia. The firm is focused on advancing large-scale precious metals projects through disciplined project management, environmental stewardship and community engagement. Novagold maintains a lean corporate structure while leveraging partnerships and industry expertise to advance its projects toward production.

The company’s flagship asset is the Donlin Gold project in Alaska, a 50/50 joint venture with Barrick Gold Corporation.