Scotiabank Boosts Earnings Estimates for NovaGold Resources

NovaGold Resources Inc. (TSE:NG) – Scotiabank boosted their FY2026 earnings estimates for shares of NovaGold Resources in a research report issued on Thursday, July 23rd. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($0.24) for the year, up from their previous forecast of ($0.30). Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.22) EPS.

NovaGold Resources Stock Performance

Shares of NG opened at C$8.22 on Monday. NovaGold Resources has a fifty-two week low of C$7.03 and a fifty-two week high of C$19.69. The firm’s 50-day simple moving average is C$9.67 and its two-hundred day simple moving average is C$12.18. The stock has a market cap of C$3.61 billion, a PE ratio of -51.38 and a beta of 3.66.

NovaGold Resources (TSE:NG) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C($0.06) EPS for the quarter.

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.