Scotiabank Raises Earnings Estimates for NovaGold Resources

NovaGold Resources Inc. (TSE:NG) – Equities researchers at Scotiabank boosted their FY2026 EPS estimates for shares of NovaGold Resources in a note issued to investors on Thursday, July 23rd. Scotiabank analyst O. Habib now expects that the company will post earnings of ($0.24) per share for the year, up from their previous forecast of ($0.30). Scotiabank has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for NovaGold Resources’ FY2027 earnings at ($0.22) EPS.

NovaGold Resources Price Performance

Shares of NovaGold Resources stock opened at C$8.42 on Monday. NovaGold Resources has a 1-year low of C$7.03 and a 1-year high of C$19.69. The company has a market capitalization of C$3.69 billion, a PE ratio of -52.62 and a beta of 3.66. The business has a 50-day moving average of C$9.72 and a 200-day moving average of C$12.22.

NovaGold Resources (TSE:NG) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C($0.06) EPS for the quarter.

About NovaGold Resources

NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories (560 million tonnes at an average grade of approximately 2.22 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis)5, inclusive of Proven and Probable Mineral Reserves, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world.