Overview Dividends

(NG) NovaGold Resources - Ratings and Ratios

Exchange: NYSE MKT • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA66987E2069

Gold, Mining, Exploration, Development, Partnership

Gold
Market Cap in USD: 4,000m
IPO / Inception: 2003-12-04
Return 12m vs S&P 500: 163%

EPS (Earnings per Share)

EPS (Earnings per Share) of NG over the last years for every Quarter: "2020-11": -0.02, "2021-02": -0.02, "2021-05": -0.03, "2021-08": -0.04, "2021-11": -0.03, "2022-02": -0.03, "2022-05": -0.04, "2022-08": -0.05, "2022-11": -0.04, "2023-02": -0.03, "2023-05": -0.04, "2023-08": -0.03, "2023-11": -0.03, "2024-02": -0.03, "2024-05": -0.04, "2024-08": -0.03, "2024-11": -0.0325, "2025-02": -0.04, "2025-05": -0.21, "2025-08": -0.0557, "2025-11": 0,
EPS CAGR: 4.12%
EPS Trend: -23.2%
Last SUE: 0.62
Qual. Beats: 0

Revenue

Revenue of NG over the last years for every Quarter: 2020-11: 0.012, 2021-02: 0, 2021-05: 0, 2021-08: 0, 2021-11: 0.012, 2022-02: 0, 2022-05: 0, 2022-08: 0, 2022-11: 0.012, 2023-02: 0, 2023-05: 0, 2023-08: 0, 2023-11: 0.01, 2024-02: 0, 2024-05: 0, 2024-08: 0, 2024-11: 0, 2025-02: 0, 2025-05: 0, 2025-08: 0, 2025-11: null,
Rev. CAGR: -47.24%
Rev. Trend: -38.8%
Last SUE: 0.00
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 62.5%
Value at Risk 5%th 95.2%
Relative Tail Risk -7.43%
Reward TTM
Sharpe Ratio 1.77
Alpha 180.60
CAGR/Max DD 0.26
Character TTM
Hurst Exponent 0.620
Beta 1.002
Beta Downside 0.818
Drawdowns 3y
Max DD 67.19%
Mean DD 37.03%
Median DD 41.44%

Description: NG NovaGold Resources November 10, 2025

NovaGold Resources Inc. (NYSE MKT: NG) is a Vancouver-based explorer and developer focused on gold assets in the United States. Its flagship holding is a 50 % interest in the Donlin Gold project, which comprises 493 mining claims over roughly 29,008 ha in Alaska’s Kuskokwim and Mt. McKinley districts. The company, originally incorporated in 1984 as NovaCan Mining Resources, adopted its current name in 1987.

Key contextual points: (1) Donlin Gold is a joint venture with Barrick Gold, which holds the remaining 50 % and provides operational expertise. (2) The deposit is among the world’s largest undeveloped gold resources, with the latest NI 43-101 estimate (2023) indicating approximately 39 million ounces of indicated and inferred resources. (3) Project economics are highly sensitive to gold price movements and to permitting timelines; a $1,800/oz gold price yields an estimated after-tax NPV of roughly $12 billion, while a $1,500/oz price cuts NPV by about 30 %.

If you want to explore NovaGold’s valuation under different price and cost scenarios, the analytical tools on ValueRay can help you model the potential upside and downside more rigorously.

Piotroski VR‑10 (Strict, 0-10) 0.5

error: Net Income check cannot be calculated (needs Net Income TTM and Revenue TTM)
FCFTA -0.03 (>2.0%) and ΔFCFTA 7.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
error: NWC/Revenue cannot be calculated (needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.03 (>3.0%) and CFO -10.0m > Net Income -89.9m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 1.85 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (406.5m) change vs 12m ago 21.52% (target <= -2.0% for YES)
error: Gross Margin (current vs previous) cannot be calculated (needs Total Revenue and Cost Of Revenue)
Asset Turnover 0.0% (prev 0.01%; Δ -0.01pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -5.06 (EBITDA TTM -74.5m / Interest Expense TTM 14.7m) >= 6 (WARN >= 3)

Altman Z'' -22.45

(A) 0.01 = (Total Current Assets 8.67m - Total Current Liabilities 4.69m) / Total Assets 345.4m
(B) -6.32 = Retained Earnings (Balance) -2.18b / Total Assets 345.4m
warn (B) unusual magnitude: -6.32 — check mapping/units
(C) -0.32 = EBIT TTM -74.5m / Avg Total Assets 230.1m
(D) 0.25 = Book Value of Equity 42.2m / Total Liabilities 168.3m
Total Rating: -22.45 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 30.93

1. Piotroski 0.50pt
2. FCF Yield -0.24%
3. FCF Margin data missing
4. Debt/Equity 0.86
5. Debt/Ebitda 0.18
6. ROIC - WACC (= -43.84)%
7. RoE -150.6%
8. Rev. Trend -38.76%
9. EPS Trend -23.20%

What is the price of NG shares?

As of December 22, 2025, the stock is trading at USD 9.94 with a total of 4,338,971 shares traded.
Over the past week, the price has changed by +1.02%, over one month by +21.07%, over three months by +30.10% and over the past year by +203.98%.

Is NG a buy, sell or hold?

NovaGold Resources has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NG.
  • Strong Buy: 1
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the NG price?

Issuer Target Up/Down from current
Wallstreet Target Price 13 30.7%
Analysts Target Price 13 30.7%
ValueRay Target Price 10.1 1.3%

NG Fundamental Data Overview December 19, 2025

Market Cap USD = 4.00b (4.00b USD * 1.0 USD.USD)
P/B = 22.2634
Beta = 1.565
Revenue TTM = 0.0 USD
EBIT TTM = -74.5m USD
EBITDA TTM = -74.5m USD
Long Term Debt = 162.6m USD (from longTermDebt, last quarter)
Short Term Debt = 337.8k USD (from shortTermDebt, last fiscal year)
Debt = 152.5m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -13.4m USD (from netDebt column, last quarter)
Enterprise Value = 4.09b USD (4.00b + Debt 152.5m - CCE 58.2m)
Interest Coverage Ratio = -5.06 (Ebit TTM -74.5m / Interest Expense TTM 14.7m)
FCF Yield = -0.24% (FCF TTM -10.0m / Enterprise Value 4.09b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 22.0k) / Revenue TTM)
Tobins Q-Ratio = 11.85 (Enterprise Value 4.09b / Total Assets 345.4m)
Interest Expense / Debt = 2.51% (Interest Expense 3.83m / Debt 152.5m)
Taxrate = -0.0% (0.0 / -15.6m)
NOPAT = -74.5m (EBIT -74.5m * (1 - -0.00%)) [loss with tax shield]
Current Ratio = 1.85 (Total Current Assets 8.67m / Total Current Liabilities 4.69m)
Debt / Equity = 0.86 (Debt 152.5m / totalStockholderEquity, last quarter 177.1m)
Debt / EBITDA = 0.18 (negative EBITDA) (Net Debt -13.4m / EBITDA -74.5m)
Debt / FCF = 1.34 (negative FCF - burning cash) (Net Debt -13.4m / FCF TTM -10.0m)
Total Stockholder Equity = 59.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -26.03% (Net Income -89.9m / Total Assets 345.4m)
RoE = -150.6% (Net Income TTM -89.9m / Total Stockholder Equity 59.7m)
RoCE = -33.53% (EBIT -74.5m / Capital Employed (Equity 59.7m + L.T.Debt 162.6m))
RoIC = -34.39% (negative operating profit) (NOPAT -74.5m / Invested Capital 216.7m)
WACC = 9.45% (E(4.00b)/V(4.15b) * Re(9.71%) + D(152.5m)/V(4.15b) * Rd(2.51%) * (1-Tc(-0.0)))
Discount Rate = 9.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.28%
Fair Price DCF = unknown (Cash Flow -10.0m)
EPS Correlation: -23.20 | EPS CAGR: 4.12% | SUE: 0.62 | # QB: 0
Revenue Correlation: -38.76 | Revenue CAGR: -47.24% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-02-28): EPS=-0.04 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-11-30): EPS=-0.19 | Chg30d=+0.001 | Revisions Net=-1 | Growth EPS=+44.9% | Growth Revenue=+0.0%

Additional Sources for NG Stock

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