Scotiabank Comments on Novagold Resources FY2026 Earnings

Posted by Brenda Bartman on Jul 29th, 2026

Novagold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) – Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for shares of Novagold Resources in a research report issued to clients and investors on Thursday, July 23rd. Scotiabank analyst O. Habib now anticipates that the mining company will post earnings per share of ($0.17) for the year, up from their previous forecast of ($0.22). Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Novagold Resources’ current full-year earnings is ($0.16) per share. Scotiabank also issued estimates for Novagold Resources’ FY2027 earnings at ($0.16) EPS.

Novagold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) last released its earnings results on Wednesday, July 22nd. The mining company reported ($0.06) earnings per share for the quarter.

Separately, Morgan Stanley cut their price target on shares of Novagold Resources from $13.80 to $13.60 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $13.22.

Read Our Latest Stock Analysis on Novagold Resources

Novagold Resources Price Performance

Novagold Resources stock opened at $5.82 on Monday. The firm has a market capitalization of $2.55 billion, a P/E ratio of -34.24 and a beta of 0.84. Novagold Resources has a 1 year low of $5.07 and a 1 year high of $14.40. The business has a 50-day moving average of $6.88 and a 200-day moving average of $8.82. The company has a current ratio of 112.82, a quick ratio of 112.82 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NG. Cooper Financial Group raised its position in shares of Novagold Resources by 9.5% during the second quarter. Cooper Financial Group now owns 29,933 shares of the mining company’s stock worth $179,000 after purchasing an additional 2,594 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Novagold Resources in the 2nd quarter valued at approximately $33,000. Groupe la Francaise bought a new stake in Novagold Resources during the 1st quarter worth approximately $2,918,000. Sunbelt Securities Inc. increased its stake in Novagold Resources by 34,166.7% during the 1st quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company’s stock worth $28,000 after purchasing an additional 3,075 shares in the last quarter. Finally, Amundi raised its holdings in Novagold Resources by 11.5% during the 1st quarter. Amundi now owns 5,050,474 shares of the mining company’s stock worth $45,353,000 after buying an additional 521,388 shares during the period. 57.56% of the stock is owned by institutional investors and hedge funds.

About Novagold Resources

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Novagold Resources Inc is a mineral exploration and development company headquartered in Vancouver, British Columbia. The firm is focused on advancing large-scale precious metals projects through disciplined project management, environmental stewardship and community engagement. Novagold maintains a lean corporate structure while leveraging partnerships and industry expertise to advance its projects toward production.

The company’s flagship asset is the Donlin Gold project in Alaska, a 50/50 joint venture with Barrick Gold Corporation.