(NG) NovaGold Resources - NYSE MKT
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 3.563m USD | Total Return: 78.9% in 12m
Avg Turnover: 22.5M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Share dilution 24.0% YoY
Interest Coverage Ratio -3.9 is critical
Altman Z'' -5.92 < 1.0 - financial distress zone
Fakeout Choppy
Tailwinds
No distinct edge detected
NovaGold Resources Inc. (NG) is a Canadian mining company specializing in the exploration and development of gold properties in the United States. Its primary asset is a 60% interest in the Donlin Gold project, a large-scale site encompassing 493 mining claims across approximately 29,008 hectares in Alaska. Originally incorporated in 1984 as NovaCan Mining Resources (1985) Limited, the firm adopted its current name in 1987 and maintains its corporate headquarters in Vancouver.
The company operates within the junior mining sector, where business models typically focus on high-capital development phases rather than active production. Gold exploration companies often form joint ventures with major producers to share the significant infrastructure costs associated with remote Arctic or sub-Arctic mining operations. For a deeper look at these valuation drivers, ValueRay offers additional data. In the gold industry, project viability is heavily contingent on long-term metal price forecasts and regulatory permitting processes.
- Gold price fluctuations directly impact the valuation of Donlin Gold project reserves
- Permitting and regulatory approvals for Donlin Gold influence long-term project viability
- Capital expenditure requirements for mine construction affect liquidity and share dilution
- Strategic partnership stability with Barrick Gold determines project development timeline and funding
- Infrastructure development costs in remote Alaska region impact overall project net present value
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA 30.71 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.06 > 3% & CFO -38.5m > Net Income -101.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 88.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (415.1m) vs 12m ago 24.05% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -3.88 > 6 (EBIT TTM -57.5m / Interest Expense TTM 14.8m) |
| A: 0.63 (Total Current Assets 396.1m - Total Current Liabilities 4.46m) / Total Assets 619.4m |
| B: -3.58 (Retained Earnings -2.22b / Total Assets 619.4m) |
| C: -0.16 (EBIT TTM -57.5m / Avg Total Assets 360.7m) |
| D: 2.54 (Book Value of Equity 444.2m / Total Liabilities 175.2m) |
| Altman-Z'' = -5.92 = D |
As of June 20, 2026, the stock is trading at USD 7.80 with a total of 4,689,970 shares traded.
Over the past week, the price has changed by +10.33%,
over one month by -2.62%,
over three months by -8.77% and
over the past year by +78.90%.
NovaGold Resources has received a consensus analysts rating of 4.38. Therefore, it is recommended to buy NG.
- StrongBuy: 3
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.5 | 72.4% |
P/E Forward = 4.8996
P/S = 3615.4839
P/B = 7.3485
P/EG = 1.3382
Revenue TTM = 0.0 USD
EBIT TTM = -57.5m USD
EBITDA TTM = -56.6m USD
Long Term Debt = 169.9m USD (from longTermDebt, last quarter)
Short Term Debt = 176k USD (from shortTermDebt, last fiscal year)
Debt = 170.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 728k
Net Debt = 53.1m USD (calculated: Debt 170.6m - CCE 117.5m)
Enterprise Value = 3.62b USD (3.56b + Debt 170.6m - CCE 117.5m)
Interest Coverage Ratio = -3.88 (Ebit TTM -57.5m / Interest Expense TTM 14.8m)
EV/FCF = -82.06x (Enterprise Value 3.62b / FCF TTM -44.1m)
FCF Yield = -1.22% (FCF TTM -44.1m / Enterprise Value 3.62b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 25.4k) / Revenue TTM)
Tobins Q-Ratio = 5.84 (Enterprise Value 3.62b / Total Assets 619.4m)
Interest Expense / Debt = 8.68% (Interest Expense 14.8m / Debt 170.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -45.4m (EBIT -57.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 50.59 (Total Current Assets 396.1m / Total Current Liabilities 7.83m)
Debt / Equity = 0.38 (Debt 170.6m / totalStockholderEquity, last quarter 444.2m)
Debt / EBITDA = -0.94 (negative EBITDA) (Net Debt 53.1m / EBITDA -56.6m)
Debt / FCF = -1.21 (negative FCF - burning cash) (Net Debt 53.1m / FCF TTM -44.1m)
Total Stockholder Equity = 237.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -28.02% (Net Income -101.1m / Total Assets 619.4m)
RoE = -42.54% (Net Income TTM -101.1m / Total Stockholder Equity 237.6m)
RoCE = -14.11% (EBIT -57.5m / Capital Employed (Equity 237.6m + L.T.Debt 169.9m))
RoIC = -7.43% (negative operating profit) (NOPAT -45.4m / Invested Capital 611.0m)
WACC = 10.59% (E(3.56b)/V(3.73b) * Re(10.77%) + D(170.6m)/V(3.73b) * Rd(8.68%) * (1-Tc(0.21)))
Discount Rate = 10.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 10.11%
[DCF] Fair Price = unknown (Cash Flow -44.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.36 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-08-31): EPS=-0.07 | Chg30d=N/A | Revisions=+0% | Analysts=4
EPS current Year (2026-11-30): EPS=-0.25 | Chg30d=N/A | Revisions=+43% | GrowthEPS=+28.3% | GrowthRev=+0.0%
EPS next Year (2027-11-30): EPS=-0.30 | Chg30d=N/A | Revisions=+0% | GrowthEPS=-20.5% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +43%