B. Riley Forecasts Novagold Resources FY2025 Earnings

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Equities research analysts at B. Riley issued their FY2025 earnings per share (EPS) estimates for shares of Novagold Resources in a report issued on Tuesday, June 24th. B. Riley analyst N. Giles forecasts that the mining company will post earnings per share of ($0.14) for the year. B. Riley also issued estimates for Novagold Resources’ FY2027 earnings at ($0.12) EPS.

NG has been the subject of a number of other research reports. National Bank Financial upgraded Novagold Resources to a “hold” rating in a research note on Friday, March 21st. Royal Bank Of Canada upgraded Novagold Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $5.00 to $7.00 in a research note on Wednesday, June 4th.

Novagold Resources Stock Down 1.7%

NG opened at $4.08 on Thursday. The stock has a market cap of $1.66 billion, a PE ratio of -17.00 and a beta of 0.63. The business has a 50 day moving average of $4.00 and a 200-day moving average of $3.48. Novagold Resources has a 52 week low of $2.26 and a 52 week high of $5.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in Novagold Resources by 21.0% during the first quarter. Principal Financial Group Inc. now owns 16,415 shares of the mining company’s stock valued at $48,000 after buying an additional 2,848 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Novagold Resources by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 144,463 shares of the mining company’s stock worth $483,000 after purchasing an additional 3,871 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Novagold Resources by 3.7% in the 1st quarter. MetLife Investment Management LLC now owns 136,723 shares of the mining company’s stock worth $399,000 after purchasing an additional 4,880 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 worth $846,000 after purchasing an additional 4,896 shares in the last quarter. Finally, Significant Wealth Partners LLC increased its holdings in shares of Novagold Resources by 20.9% in the 1st quarter. Significant Wealth Partners LLC now owns 38,546 shares of the mining company’s stock worth $113,000 after purchasing an additional 6,670 shares in the last quarter. Hedge funds and other institutional investors own 57.56% of the company’s stock.

Novagold Resources Company Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.