Novagold Resources (NG) to Release Earnings on Wednesday

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) will likely be releasing its Q2 2026 results before the market opens on Wednesday, June 24th. Analysts expect Novagold Resources to post earnings of ($0.07) per share for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, June 24, 2026 at 11:00 AM ET.

Novagold Resources Trading Up 2.6%

NYSEAMERICAN NG opened at $8.33 on Wednesday. The company has a current ratio of 88.72, a quick ratio of 88.72 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.66 billion, a PE ratio of -32.04 and a beta of 0.77. The company’s 50-day moving average price is $8.56 and its 200-day moving average price is $9.56. Novagold Resources has a 12 month low of $3.61 and a 12 month high of $14.40.

Wall Street Analyst Weigh In

NG has been the subject of several research analyst reports. Canaccord Genuity Group assumed coverage on shares of Novagold Resources in a research note on Friday, March 27th. They set a “speculative buy” rating and a $13.00 price target for the company. Morgan Stanley began coverage on shares of Novagold Resources in a research note on Thursday, April 9th. They issued an “overweight” rating and a $13.80 price objective for the company. Zacks Research raised shares of Novagold Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Scotiabank upgraded shares of Novagold Resources to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $13.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG raised its stake in Novagold Resources by 21.9% in the third quarter. UBS Group AG now owns 13,617,880 shares of the mining company’s stock valued at $119,837,000 after buying an additional 2,443,511 shares during the last quarter. State Street Corp boosted its holdings in Novagold Resources by 0.3% in the fourth quarter. State Street Corp now owns 4,762,347 shares of the mining company’s stock worth $44,385,000 after acquiring an additional 15,622 shares in the last quarter. Amundi grew its stake in shares of Novagold Resources by 15.5% during the fourth quarter. Amundi now owns 4,529,086 shares of the mining company’s stock worth $42,211,000 after acquiring an additional 608,186 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Novagold Resources by 8.0% during the third quarter. Bank of America Corp DE now owns 3,138,329 shares of the mining company’s stock worth $27,617,000 after acquiring an additional 232,206 shares during the last quarter. Finally, FIL Ltd acquired a new position in shares of Novagold Resources during the fourth quarter valued at about $18,651,000. 57.56% of the stock is owned by institutional investors and hedge funds.

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.