FY2026 EPS Estimate for NovaGold Resources Raised by Analyst

NovaGold Resources Inc. (TSE:NG) – Analysts at Scotiabank raised 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 company will post earnings per share of ($0.24) for the year, up from their previous forecast of ($0.30). Scotiabank has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.22) EPS.

NovaGold Resources Stock Performance

NG stock opened at C$8.36 on Monday. The firm has a market cap of C$3.67 billion, a P/E ratio of -52.25 and a beta of 3.66. NovaGold Resources has a 1 year low of C$7.03 and a 1 year high of C$19.69. The stock has a 50-day simple moving average of C$9.78 and a 200-day simple moving average of C$12.26.

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

NovaGold Resources Company Profile

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.