Novagold Resources FY2026 EPS Forecast Lifted by Scotiabank

Novagold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Investment analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Novagold Resources in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst O. Habib now anticipates that the mining company will post earnings per share of ($0.17) for the year, up from their previous 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 released its earnings results on Wednesday, July 22nd. The mining company reported ($0.06) EPS for the quarter.

Several other research firms also recently commented on NG. Morgan Stanley lowered their price objective on shares of Novagold Resources from $13.80 to $13.60 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Zacks Research raised Novagold Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Novagold Resources currently has an average rating of “Buy” and an average price target of $13.22.

Novagold Resources Stock Performance

Shares of Novagold Resources stock opened at $5.93 on Monday. The firm’s 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $8.87. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -34.88 and a beta of 0.84. Novagold Resources has a 12-month low of $5.07 and a 12-month high of $14.40. The company has a current ratio of 112.82, a quick ratio of 112.82 and a debt-to-equity ratio of 0.41.

Institutional Trading of Novagold Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Torren Management LLC purchased a new position in shares of Novagold Resources during the fourth quarter worth $27,000. Sunbelt Securities Inc. lifted its position in Novagold Resources by 34,166.7% during the first quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company’s stock valued at $28,000 after purchasing an additional 3,075 shares during the period. Leonteq Securities AG purchased a new stake in Novagold Resources in the fourth quarter valued at $38,000. Kestra Advisory Services LLC acquired a new stake in Novagold Resources during the 4th quarter worth about $47,000. Finally, TD Waterhouse Canada Inc. grew its position in Novagold Resources by 307.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,300 shares of the mining company’s stock worth $49,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds 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.