Novagold Resources Inc. (NASDAQ:NG) Expected to Post Earnings of -$0.02 Per Share

Wall Street brokerages expect Novagold Resources Inc. (NASDAQ:NG) to announce earnings per share (EPS) of ($0.02) for the current quarter, Zacks reports. Zero analysts have made estimates for Novagold Resources’ earnings. Novagold Resources posted earnings per share of ($0.03) during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, June 26th.

According to Zacks, analysts expect that Novagold Resources will report full year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.08) to ($0.06). For the next year, analysts forecast that the firm will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.08) to ($0.06). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Novagold Resources.

Novagold Resources (NASDAQ:NG) last released its earnings results on Tuesday, April 2nd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01.

Separately, BidaskClub downgraded Novagold Resources from a “sell” rating to a “strong sell” rating in a report on Friday, May 17th.

NASDAQ:NG opened at $4.17 on Wednesday. Novagold Resources has a 1-year low of $3.41 and a 1-year high of $4.82.

Novagold Resources Company Profile

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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