Analysts Set Expectations for NovaGold Resources FY2025 Earnings

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Investment analysts at National Bank Financial issued their FY2025 earnings estimates for NovaGold Resources in a research report issued on Monday, May 12th. National Bank Financial analyst R. Nizami expects that the mining company will post earnings per share of ($0.12) for the year. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for NovaGold Resources’ FY2026 earnings at ($0.12) EPS and FY2027 earnings at ($0.08) EPS.

NovaGold Resources Trading Up 1.4%

NG opened at $3.55 on Thursday. NovaGold Resources has a twelve month low of $2.26 and a twelve month high of $5.06. The firm has a market capitalization of $1.19 billion, a PE ratio of -27.31 and a beta of 1.05. The firm’s 50-day moving average price is $3.37 and its 200 day moving average price is $3.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in shares of NovaGold Resources by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company’s stock worth $26,000 after purchasing an additional 6,959 shares during the period. Cary Street Partners Financial LLC acquired a new position in NovaGold Resources during the first quarter worth $29,000. Squarepoint Ops LLC acquired a new position in NovaGold Resources during the fourth quarter worth $35,000. Dauntless Investment Group LLC purchased a new position in shares of NovaGold Resources during the first quarter worth $39,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of NovaGold Resources in the first quarter valued at $44,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

About NovaGold Resources

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.