Scotiabank Has Pessimistic Opinion of TSE:NG FY2026 Earnings

NovaGold Resources Inc. (TSE:NG) – Investment analysts at Scotiabank decreased their FY2026 earnings estimates for NovaGold Resources in a report issued on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of ($0.40) per share for the year, down from their previous estimate of ($0.24). Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.33) EPS.

Separately, B. Riley Financial raised shares of NovaGold Resources to a “strong-buy” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, NovaGold Resources presently has an average rating of “Strong Buy” and a consensus price target of C$18.00.

NovaGold Resources Stock Up 5.0%

NG stock opened at C$9.30 on Friday. NovaGold Resources has a 52 week low of C$7.12 and a 52 week high of C$19.69. The company has a fifty day simple moving average of C$10.58 and a two-hundred day simple moving average of C$10.62. The firm has a market capitalization of C$4.08 billion, a P/E ratio of -44.29 and a beta of 4.11.

About NovaGold Resources

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.