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Novagold Resources Inc (NG) stock

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NYSE: NG NYSE Gold Next results ~January 21, 2027

Novagold Resources Inc is a US-listed company in the gold industry. Its financial year ends in November.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

The Fundamentalytics view

Next results ~January 21, 2027 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 44% in the quarter to 2026-08-31.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Novagold Resources Inc's latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 76% and a beta of 2.8 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results

Earnings per share
-$0.11 against an average estimate of -$0.08: missed by 44.0%
Share reaction
+5.5% in the first session after the results on October 8, 2026, against +0.2% for the S&P 500
Next report
October 8, 2026; average EPS estimate -$0.06

Novagold Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.2%
  • 1 week-1.7%
  • 1 month-10.2%
  • This year-36.9%
  • 1 year-29.1%
  • 5 years-21.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
October 8, 2026
Next results (est.)
January 21, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Announcement
  4. Agreement
  5. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Novagold Resources Inc valuation models and calculator

No model value for Novagold Resources Inc at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Novagold Resources Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no twelve-month earnings or share count in the filings yet
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: no twelve-month earnings or share count in the filings yet
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Novagold Resources Inc with Gold in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.30 +14% — 0%
Next −$0.28 +5% — 0%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +13.1% on 90 days ago. In the last 30 days, 3 analysts raised Novagold Resources Inc's forecast and 0 cut it.

Consensus EPS forecast Novagold Resources Inc, last 90 days
−$0.40 −$0.30 −$0.20 −$0.10 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.26 Current fiscal year, 60 days ago: −$0.26 Current fiscal year, 30 days ago: −$0.24 Current fiscal year, 7 days ago: −$0.30 Current fiscal year, Now: −$0.30 −$0.30 Next fiscal year, 90 days ago: −$0.34 Next fiscal year, 60 days ago: −$0.33 Next fiscal year, 30 days ago: −$0.28 Next fiscal year, 7 days ago: −$0.28 Next fiscal year, Now: −$0.28 −$0.28

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.26−$0.34
60 days ago −$0.26−$0.33
30 days ago −$0.24−$0.28
7 days ago −$0.30−$0.28
Now −$0.30−$0.28

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 −$0.08 −$0.11 −44.0%
May 2026 −$0.07 −$0.09 −19.8%
Feb 2026 −$0.08 −$0.06 +30.8%
Nov 2025 −$0.04 −$0.04 −3.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026426
  2. Sep 2026426
  3. Aug 2026426
  4. Jul 2026448

Counts of recommendations published by analysts covering Novagold Resources Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.7%
of tradable shares
Days to cover
4.35
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
84%
of shares
Held by insiders
0.7%
of shares
Employees
12
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NG−29%−13%−38%−11%+180%−37%
Industry peers (median)−11%−22%−9%−8%+201%−24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NG42%50%33%33%50%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NG−37%−50%−52%−40%−36%−64%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from April 22, 2020 to February 7, 2024. Getting back needed a 433% gain, reached on February 26, 2026, 750 days after the low.

Price behaviour

52-week range
$5.18 – $14.20
From 52-week high
−58.6%
vs 50-day average
−17.8%
vs 200-day average
−28.5%
Volatility (1 year)
76%
Beta vs S&P 500
2.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.6%
After a week
6 up, 6 down
typical move ±11.9%
After a month
4 up, 7 down
typical move ±20.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 8, 2026 +5.5% +0.2% +3.1% —
June 24, 2026 −14.8% +0.1% −15.9% −17.9%
April 1, 2026 +0.9% +0.8% +4.0% −10.4%
January 22, 2026 −0.8% +0.6% +9.9% +10.1%
October 1, 2025 +9.7% +0.5% +17.2% −5.8%
June 25, 2025 +6.4% +0.8% +14.9% +37.4%
April 1, 2025 0.0% +0.9% −21.9% +43.2%
January 23, 2025 −6.8% +0.3% −2.8% −7.1%
October 2, 2024 −12.3% −0.1% −18.6% −16.6%
June 27, 2024 +2.1% −0.2% +6.2% +39.5%
April 3, 2024 −5.6% −1.1% −2.5% −6.8%
January 24, 2024 −14.4% +0.7% −26.2% −30.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Who owns it

Funds buying and selling
Reported value
$2B
Institutions reporting
246
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
29 / 38

Top buyers and sellers, Q2 2026: 142 institutions bought and 93 sold ; the biggest buyer was First Eagle Investment Management, LLC (+5.8M shares) and the biggest seller FMR LLC (−7.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Electrum Group LLC $555M 92.9M 27.3% 0.0%
Lingotto Investment Management LLP $188M 31.5M 9.3% ▼ 14.4%
Paulson & Co. Inc. $163M 27.2M 8.0% 0.0%
Blackrock, Inc. $130M 21.8M 6.4% ▲ 25.3%
FMR LLC $89.5M 15.0M 4.4% ▼ 32.3%
First Eagle Investment Management, LLC $89.4M 15.0M 4.4% ▲ 63.2%
Capital World Investors $63.4M 10.6M 3.1% ▼ 13.9%
Vanguard Capital Management LLC $59.3M 9.9M 2.9% ▲ 22.2%
D. E. Shaw & Co., Inc. $51.8M 8.7M 2.6% ▼ 8.9%
Van Eck Associates Corp $46.1M 7.7M 2.3% ▲ 0.9%
Kopernik Global Investors, LLC $41.2M 6.9M 2.0% ▲ 5.9%
Principal Financial Group Inc $35.1M 5.9M 1.7% ▲ 2.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Novagold Resources Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $238,322 2 trades by 2 insiders, last 12 months Insider sales History → $115 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $238,207 net buying
Insider Date Trade Shares Price Value
Muniz Quintanilla Daniel Director February 6, 2026 Buy 22,470 $8.94 $200,882
Whittaker Dawn Patricia Director February 4, 2026 Buy 4,000 $9.36 $37,440
Dorward-King Elaine J Director January 27, 2026 Sell 11 $10.42 $115

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Novagold Resources Inc shares.

  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded September 14, 2026, filed October 12, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

  • October 8, 2026
  • June 24, 2026
  • April 1, 2026
  • January 22, 2026
  • October 1, 2025
  • June 25, 2025

Recent SEC filings

Data status

When each part of this page on Novagold Resources Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Novagold Resources Inc in brief

What does Novagold Resources Inc do?
Novagold Resources Inc is a US-listed company in the gold industry. Its financial year ends in November.
What is Novagold Resources Inc's stock ticker?
Novagold Resources Inc trades under the ticker NG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Novagold Resources Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Electrum Group LLC, Lingotto Investment Management LLP and Paulson & Co. Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Are insiders buying or selling Novagold Resources Inc stock?
Over the last 12 months, Novagold Resources Inc's directors and officers reported 2 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Novagold Resources Inc's next earnings date?
Around January 21, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Novagold Resources Inc announces its own schedule.