Is NovaGold Resources Stock a Good Investment?
NovaGold Resources Investment Advice | NG |
- Examine NovaGold Resources' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NovaGold Resources' leadership team and their track record. Good management can help NovaGold Resources navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact NovaGold Resources' business and its evolving consumer preferences.
- Compare NovaGold Resources' performance and market position to its competitors. Analyze how NovaGold Resources is positioned in terms of product offerings, innovation, and market share.
- Check if NovaGold Resources pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NovaGold Resources' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NovaGold Resources stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if NovaGold Resources is a good investment.
Sell | Buy |
Strong Buy
Market Performance | High | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Small | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine NovaGold Resources Stock
Researching NovaGold Resources' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 25.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.3. NovaGold Resources had not issued any dividends in recent years.
To determine if NovaGold Resources is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding NovaGold Resources' research are outlined below:
| NovaGold Resources appears to be risky and price may revert if volatility continues | |
| NovaGold is showing solid risk-adjusted performance over 90 days | |
| Annual Net Loss to common stockholders was (45.62 M) with gross profit of 0. | |
| NovaGold Resources reports about 42.22 M in cash with (12.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4. | |
| Roughly 63.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Acquisition by Adamek Peter of 1365 shares of NovaGold Resources at 5.66 subject to Rule 16b-3 |
NovaGold Resources uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in NovaGold Resources. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NovaGold Resources' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 2nd of April 2024 Upcoming Quarterly Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact NovaGold Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises NovaGold Resources' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-10-14 | 2004-08-31 | -0.01 | -0.0037 | 0.0063 | 63 | ||
2024-10-02 | 2024-08-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2024-04-03 | 2024-02-29 | -0.02 | -0.03 | -0.01 | 50 | ||
2024-01-24 | 2023-11-30 | -0.02 | -0.03 | -0.01 | 50 | ||
2023-10-03 | 2023-08-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2023-04-04 | 2023-02-28 | -0.02 | -0.03 | -0.01 | 50 | ||
2023-01-25 | 2022-11-30 | -0.03 | -0.04 | -0.01 | 33 | ||
2022-06-29 | 2022-05-31 | -0.03 | -0.04 | -0.01 | 33 |
NovaGold Resources' market capitalization trends
The company currently falls under 'Mid-Cap' category with a market capitalization of 3.94 B.Market Cap |
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NovaGold Resources' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.48) | (0.45) | |
| Return On Capital Employed | (0.32) | (0.31) | |
| Return On Assets | (0.48) | (0.45) | |
| Return On Equity | 1.11 | 0.76 |
Determining NovaGold Resources' profitability involves analyzing its financial statements and using various financial metrics to determine if NovaGold Resources is a good buy. For example, gross profit margin measures NovaGold Resources' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of NovaGold Resources' profitability and make more informed investment decisions.
NovaGold Resources' Earnings Breakdown by Geography
Evaluate NovaGold Resources' management efficiency
NovaGold Resources has Return on Asset (ROA) of (0.0621) % which means that for every 100 dollars spent on asset, it generated a loss of $0.0621. This is way below average. Likewise, it shows a return on total equity (ROE) of (1.2907) %, which implies that it produced no returns to current stockholders. NovaGold Resources' management efficiency ratios could be used to measure how well NovaGold Resources manages its routine affairs as well as how well it operates its assets and liabilities. The NovaGold Resources' current Return On Tangible Assets is estimated to increase to -0.45. The NovaGold Resources' current Return On Capital Employed is estimated to increase to -0.31. At this time, NovaGold Resources' Other Current Assets are most likely to decrease significantly in the upcoming years. The NovaGold Resources' current Debt To Assets is estimated to increase to 1.31, while Total Assets are projected to decrease to roughly 119.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (0.16) | (0.15) | |
| Tangible Book Value Per Share | (0.16) | (0.15) | |
| Enterprise Value Over EBITDA | (52.41) | (55.03) | |
| Price Book Value Ratio | (23.23) | (22.07) | |
| Enterprise Value Multiple | (52.41) | (55.03) | |
| Price Fair Value | (23.23) | (22.07) | |
| Enterprise Value | 2.3 B | 2.9 B |
At NovaGold Resources, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Beta 1.302 |
Basic technical analysis of NovaGold Stock
As of the 3rd of October, NovaGold Resources secures the Mean Deviation of 2.42, downside deviation of 2.41, and Risk Adjusted Performance of 0.2677. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them. Please verify NovaGold Resources jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if NovaGold Resources is priced some-what accurately, providing market reflects its recent price of 9.99 per share. Given that NovaGold Resources has jensen alpha of 1.39, we recommend you to check NovaGold Resources's last-minute market performance to make sure the company can sustain itself at a future point.NovaGold Resources' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NovaGold Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on NovaGold Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NovaGold Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
NovaGold Resources' Outstanding Corporate Bonds
NovaGold Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NovaGold Resources uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NovaGold bonds can be classified according to their maturity, which is the date when NovaGold Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand NovaGold Resources' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing NovaGold Resources' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.2677 | |||
| Market Risk Adjusted Performance | 2.53 | |||
| Mean Deviation | 2.42 | |||
| Semi Deviation | 1.29 | |||
| Downside Deviation | 2.41 | |||
| Coefficient Of Variation | 229.53 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.83 | |||
| Information Ratio | 0.4146 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 1.1 | |||
| Sortino Ratio | 0.5665 | |||
| Treynor Ratio | 2.52 | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 5.88 | |||
| Downside Variance | 5.8 | |||
| Semi Variance | 1.66 | |||
| Expected Short fall | (2.87) | |||
| Skewness | 1.14 | |||
| Kurtosis | 3.44 |
| Risk Adjusted Performance | 0.2677 | |||
| Market Risk Adjusted Performance | 2.53 | |||
| Mean Deviation | 2.42 | |||
| Semi Deviation | 1.29 | |||
| Downside Deviation | 2.41 | |||
| Coefficient Of Variation | 229.53 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.83 | |||
| Information Ratio | 0.4146 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 1.1 | |||
| Sortino Ratio | 0.5665 | |||
| Treynor Ratio | 2.52 | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 5.88 | |||
| Downside Variance | 5.8 | |||
| Semi Variance | 1.66 | |||
| Expected Short fall | (2.87) | |||
| Skewness | 1.14 | |||
| Kurtosis | 3.44 |
Consider NovaGold Resources' intraday indicators
NovaGold Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NovaGold Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
NovaGold Resources Corporate Filings
10Q | 1st of October 2025 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 30th of September 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 8th of September 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 19th of August 2025 Other Reports | ViewVerify |
NovaGold Stock media impact
There is far too much social signal, news, headlines, and media speculation about NovaGold Resources that are available to investors today. This information is accessible both publicly - through NovaGold Resources' media outlets and privately, via word of mouth or internal channels. However, regardless of the source, the sheer volume of NovaGold-related data is difficult to distill into actionable insights, especially for investors who are not well-versed in the rapidly evolving tools and techniques of investment management.
A primary focus of NovaGold Resources news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of NovaGold Resources relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to NovaGold Resources' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive NovaGold Resources alpha.
NovaGold Resources Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards NovaGold Resources can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
NovaGold Resources Historical Investor Sentiment
Investor biases related to NovaGold Resources' public news can be used to forecast risks associated with an investment in NovaGold. The trend in average sentiment can be used to explain how an investor holding NovaGold can time the market purely based on public headlines and social activities around NovaGold Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NovaGold Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NovaGold Resources and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average NovaGold Resources news discussions. The higher the estimate score, the more favorable the investor's outlook on NovaGold Resources.
NovaGold Resources Maximum Pain Price Across December 19th 2025 Option Contracts
NovaGold Resources' options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of NovaGold Resources close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of NovaGold Resources' options.
NovaGold Resources Corporate Directors
| Ethan Schutt | Independent Director | Profile | |
| Kalidas Madhavpeddi | Independent Director | Profile | |
| Clynton Nauman | Independent Director | Profile | |
| Anthony Walsh | Lead Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between NovaGold Resources' value and its price, as these two are different measures arrived at by various means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.