(NG) NovaGold Resources - Overview

Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 3.981m USD | Total Return: 277.7% in 12m

Gold, Donlin Project, Exploration
Total Rating 41
Safety 67
Buy Signal -0.36
Gold
Industry Rotation: +1.9
Market Cap: 3.98B
Avg Turnover: 33.2M USD
ATR: 8.05%
Peers RS (IBD): 67.2
Risk 5d forecast
Volatility66.4%
Rel. Tail Risk-6.65%
Reward TTM
Sharpe Ratio1.93
Alpha281.85
Character TTM
Beta0.869
Beta Downside1.664
Drawdowns 3y
Max DD63.34%
CAGR/Max DD0.24
EPS (Earnings per Share) EPS (Earnings per Share) of NG over the last years for every Quarter: "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": -0.03, "2026-02": -0.0558,
EPS CAGR: -2.51%
EPS Trend: -28.6%
Last SUE: -0.18
Qual. Beats: 0
Revenue Revenue of NG over the last years for every Quarter: 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: 0, 2026-02: 0,
Rev. CAGR: 0.00%
Rev. Trend: -30.0%
Last SUE: 0.00
Qual. Beats: 0

Warnings

Share dilution 24.0% YoY - potential capital distress

Interest Coverage Ratio -2.8 is critical

Altman Z'' -15.00 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: NG NovaGold Resources

NovaGold Resources Inc. (NYSE MKT: NG) is a Vancouver-based gold miner focused on exploring and developing U.S. gold assets, most notably a 60% stake in the Donlin Gold project, which spans 493 mining claims over roughly 29,000 ha in Alaska’s Kuskokwim and Mt. McKinley districts.

As of the latest Q4 2023 filing, NovaGold reported a cash balance of $12.3 million and a net loss of $4.1 million, reflecting ongoing exploration expenditures. The project’s resource estimate remains at 6.5 Moz of inferred gold, and the company’s valuation is heavily tied to the broader gold price, which has hovered around $1,950 per ounce in early 2024, supporting higher project economics.

For a deeper dive, you might explore ValueRay’s analyst tools.

Headlines to Watch Out For
  • Donlin Gold project development progress impacts valuation
  • Gold price fluctuations directly affect future revenue
  • Permitting and regulatory approvals critical for Donlin Gold
  • Exploration success at Donlin Gold drives investor interest
Piotroski VR‑10 (Strict) 0.5
Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -2.33 > 0.02 and ΔFCF/TA -220.2 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -2.33 > 3% & CFO -38.5m > Net Income -101.1m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 3.09 > 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: -2.82 > 6 (EBITDA TTM -56.7m / Interest Expense TTM 14.8m)
Altman Z'' -15.00
A: 0.62 (Total Current Assets 15.3m - Total Current Liabilities 4.94m) / Total Assets 16.5m
B: -133.9 (Retained Earnings -2.22b / Total Assets 16.5m)
C: -0.71 (EBIT TTM -41.8m / Avg Total Assets 59.3m)
D: -12.64 (Book Value of Equity -2.22b / Total Liabilities 175.2m)
Altman-Z'' Score: -450.4 = D
What is the price of NG shares? As of April 12, 2026, the stock is trading at USD 9.48 with a total of 2,437,051 shares traded.
Over the past week, the price has changed by +4.52%, over one month by -22.99%, over three months by -7.51% and over the past year by +277.69%.
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.
  • StrongBuy: 1
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NG price?
Analysts Target Price 13 36.7%
NovaGold Resources (NG) - Fundamental Data Overview as of 12 April 2026
P/E Forward = 4.8996
P/S = 3615.4839
P/B = 9.2449
P/EG = 1.3382
Revenue TTM = 0.0 USD
EBIT TTM = -41.8m USD
EBITDA TTM = -56.7m USD
Long Term Debt = 169.9m USD (from longTermDebt, last quarter)
Short Term Debt = 176k USD (from shortTermDebt, last fiscal year)
Debt = 170.1m USD (corrected: LT Debt 169.9m + ST Debt 176k)
Net Debt = 154.8m USD (recalculated: Debt 170.1m - CCE 15.3m)
Enterprise Value = 4.14b USD (3.98b + Debt 170.1m - CCE 15.3m)
Interest Coverage Ratio = -2.82 (Ebit TTM -41.8m / Interest Expense TTM 14.8m)
EV/FCF = -107.5x (Enterprise Value 4.14b / FCF TTM -38.5m)
FCF Yield = -0.93% (FCF TTM -38.5m / Enterprise Value 4.14b)
 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 = 250.0 (set to none) (Enterprise Value 4.14b / Total Assets 16.5m)
 Interest Expense / Debt = 2.12% (Interest Expense 3.61m / Debt 170.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -33.0m (EBIT -41.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.09 (Total Current Assets 15.3m / Total Current Liabilities 4.94m)
Debt / Equity = 0.38 (Debt 170.1m / totalStockholderEquity, last quarter 444.2m)
 Debt / EBITDA = -2.73 (negative EBITDA) (Net Debt 154.8m / EBITDA -56.7m)
 Debt / FCF = -4.02 (negative FCF - burning cash) (Net Debt 154.8m / FCF TTM -38.5m)
 Total Stockholder Equity = 237.6m (last 4 quarters mean from totalStockholderEquity)
 RoA = -170.5% (out of range, set to none)
 RoE = -42.54% (Net Income TTM -101.1m / Total Stockholder Equity 237.6m)
RoCE = -10.26% (EBIT -41.8m / Capital Employed (Equity 237.6m + L.T.Debt 169.9m))
 RoIC = -8.21% (negative operating profit) (NOPAT -33.0m / Invested Capital 402.0m)
 WACC = 8.74% (E(3.98b)/V(4.15b) * Re(9.04%) + D(170.1m)/V(4.15b) * Rd(2.12%) * (1-Tc(0.21)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 11.41%
 [DCF] Fair Price = unknown (Cash Flow -38.5m)
 EPS Correlation: -28.63 | EPS CAGR: -2.51% | SUE: -0.18 | # QB: 0
Revenue Correlation: -30.05 | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-05-31): EPS=-0.08 | Chg7d=-0.000 | Chg30d=-0.000 | Revisions Net=+3 | Analysts=3
EPS current Year (2026-11-30): EPS=-0.26 | Chg7d=+0.005 | Chg30d=-0.026 | Revisions Net=-2 | Growth EPS=+25.1% | Growth Revenue=+0.0%
EPS next Year (2027-11-30): EPS=-0.25 | Chg7d=-0.002 | Chg30d=-0.038 | Revisions Net=+0 | Growth EPS=+1.6% | Growth Revenue=+0.0%
[Analyst] Revisions Ratio: +1.00 (3 Up / 0 Down within 30d for Next Quarter)
External Resources
Dataroma Stockcircle