FY2026 Earnings Estimate for TSE:NG Issued By Scotiabank

NovaGold Resources Inc. (TSE:NG) – Analysts at Scotiabank issued their FY2026 earnings estimates for shares of NovaGold Resources in a research report issued to clients and investors on Wednesday, February 11th. Scotiabank analyst F. Costanzo anticipates that the company will earn ($0.34) per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.33) EPS.

NovaGold Resources (TSE:NG) last posted its earnings results on Thursday, January 22nd. The company reported C($0.05) EPS for the quarter.

Several other research analysts also recently weighed in on NG. National Bank Financial raised NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 target price for the company in a research note on Thursday, October 30th. BMO Capital Markets raised shares of NovaGold Resources to a “strong-buy” rating in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, NovaGold Resources currently has an average rating of “Strong Buy” and a consensus target price of C$18.00.

NovaGold Resources Trading Down 4.4%

Shares of NG stock opened at C$13.99 on Monday. NovaGold Resources has a 12-month low of C$3.22 and a 12-month high of C$16.27. The business’s 50 day moving average is C$13.68 and its two-hundred day moving average is C$12.05. The company has a market capitalization of C$6.13 billion, a P/E ratio of -55.96 and a beta of 2.15.

Insider Activity

In other news, Director Dawn Patricia Whittaker purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average cost of C$12.79 per share, for a total transaction of C$51,160.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at C$51,160. This trade represents a ∞ increase in their ownership of the stock. 26.46% of the stock is owned by corporate insiders.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.