Scotiabank Forecasts Novagold Resources FY2026 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Equities research analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for Novagold Resources in a research report issued to clients and investors on Thursday, July 23rd. Scotiabank analyst O. Habib now forecasts that the mining company will earn ($0.17) per share for the year, up from their prior forecast of ($0.22). 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 ($0.16) EPS.

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its quarterly earnings data on Wednesday, July 22nd. The mining company reported ($0.06) EPS for the quarter.

Other research analysts have also issued research reports about the company. Zacks Research upgraded Novagold Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Morgan Stanley lowered their price target on shares of Novagold Resources from $13.80 to $13.60 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.22.

Novagold Resources Stock Up 0.5%

Shares of NYSEAMERICAN:NG opened at $5.96 on Monday. The company has a quick ratio of 112.82, a current ratio of 112.82 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $6.92 and a two-hundred day moving average of $8.85. The stock has a market cap of $2.62 billion, a P/E ratio of -35.06 and a beta of 0.84. Novagold Resources has a 52-week low of $5.07 and a 52-week high of $14.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NG. Electrum Group LLC acquired a new stake in shares of Novagold Resources during the fourth quarter valued at about $865,854,000. Principal Financial Group Inc. lifted its holdings in shares of Novagold Resources by 32,405.9% in the 1st quarter. Principal Financial Group Inc. now owns 5,722,006 shares of the mining company’s stock worth $51,380,000 after acquiring an additional 5,704,403 shares during the last quarter. UBS Group AG boosted its position in shares of Novagold Resources by 21.9% during the 3rd quarter. UBS Group AG now owns 13,617,880 shares of the mining company’s stock worth $119,837,000 after purchasing an additional 2,443,511 shares during the period. Bank of America Corp DE boosted its position in shares of Novagold Resources by 520.9% during the 2nd quarter. Bank of America Corp DE now owns 2,906,123 shares of the mining company’s stock worth $11,886,000 after purchasing an additional 2,438,052 shares during the period. Finally, Greenwich Wealth Management LLC acquired a new stake in Novagold Resources in the 4th quarter valued at approximately $18,640,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

Novagold Resources Company Profile

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.