Novagold Resources (NG) Expected to Announce Earnings on Wednesday

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) will likely be issuing its Q1 2026 results before the market opens on Wednesday, April 1st. Analysts expect Novagold Resources to post earnings of ($0.06) per share for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 1, 2026 at 11:00 AM ET.

Novagold Resources Price Performance

Shares of NG opened at $8.03 on Tuesday. The company has a market cap of $3.52 billion, a P/E ratio of -32.12 and a beta of 0.74. Novagold Resources has a fifty-two week low of $2.26 and a fifty-two week high of $14.40. The company has a quick ratio of 23.79, a current ratio of 23.79 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average price is $10.39 and its 200 day moving average price is $9.59.

Analysts Set New Price Targets

NG has been the topic of a number of recent research reports. Scotiabank initiated coverage on Novagold Resources in a research report on Friday, February 6th. They set a “sector outperform” rating on the stock. B. Riley Financial lifted their target price on Novagold Resources from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada lowered their target price on Novagold Resources from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Canaccord Genuity Group initiated coverage on Novagold Resources in a research report on Friday. They issued a “speculative buy” rating and a $13.00 price target on the stock. Finally, Zacks Research cut Novagold Resources from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Novagold Resources has an average rating of “Moderate Buy” and an average price target of $13.13.

Insider Buying and Selling at Novagold Resources

In other news, Director Dawn Patricia Whittaker acquired 4,000 shares of Novagold Resources stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average cost of $9.36 per share, for a total transaction of $37,440.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $37,440. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.39% of the company’s stock.

Hedge Funds Weigh In On Novagold Resources

Large investors have recently bought and sold shares of the business. UBS Group AG raised its stake in Novagold Resources by 21.9% in the third quarter. UBS Group AG now owns 13,617,880 shares of the mining company’s stock valued at $119,837,000 after buying an additional 2,443,511 shares in the last quarter. State Street Corp boosted its position in shares of Novagold Resources by 0.3% during the 4th quarter. State Street Corp now owns 4,762,347 shares of the mining company’s stock worth $44,385,000 after acquiring an additional 15,622 shares in the last quarter. Amundi increased its holdings in shares of Novagold Resources by 15.5% in the 4th quarter. Amundi now owns 4,529,086 shares of the mining company’s stock valued at $42,211,000 after acquiring an additional 608,186 shares during the last quarter. Bank of America Corp DE lifted its stake in Novagold Resources by 8.0% during the third quarter. Bank of America Corp DE now owns 3,138,329 shares of the mining company’s stock worth $27,617,000 after purchasing an additional 232,206 shares during the last quarter. Finally, FIL Ltd acquired a new position in Novagold Resources in the fourth quarter valued at approximately $18,651,000. Hedge funds and other institutional investors own 57.56% of the company’s stock.

About Novagold Resources

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.