(NG) NovaGold Resources - Overview
Stock: Gold, Exploration, Development, Joint Venture
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 90.0% |
| Relative Tail Risk | -8.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.59 |
| Alpha | 169.89 |
| Character TTM | |
|---|---|
| Beta | 1.143 |
| Beta Downside | 0.666 |
| Drawdowns 3y | |
|---|---|
| Max DD | 65.19% |
| CAGR/Max DD | 0.23 |
Description: NG NovaGold Resources January 13, 2026
NovaGold Resources Inc. (NYSE MKT:NG) is a Vancouver-based explorer focused on gold assets in the United States, most notably a 50% interest in the Donlin Gold project in Alaska. The Donlin concession comprises 493 mining claims over roughly 29,000 ha in the Kuskokwim and Mt. McKinley districts. The company, originally incorporated in 1984 as NovaCan Mining Resources, adopted its current name in 1987 and trades as a common stock under the ticker NG.
Key supplemental points: (1) NovaGold’s partner on Donlin is Barrick Gold, which holds the remaining 50% and provides the majority of development financing; (2) the Donlin deposit is one of the world’s largest undeveloped gold resources, with the latest NI 43-101 estimate indicating about 39 million ounces of indicated and inferred resources, supporting a potential multi-billion-dollar mine life; (3) the company’s balance sheet is thin-no operating revenue and cash on hand is primarily allocated to permitting, engineering studies, and joint-venture commitments, making its valuation highly sensitive to gold price movements and permitting outcomes.
For a more granular look at NovaGold’s financial ratios and scenario-based valuations, the ValueRay platform offers tools that can help you model the impact of key drivers on the stock’s upside.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.12 > 0.02 and ΔFCF/TA -0.05 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.12 > 3% & CFO -38.7m > Net Income -94.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 23.79 > 1.5 & < 3 |
| Outstanding Shares: last quarter (374.7m) vs 12m ago 12.03% < -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: -3.20 > 6 (EBITDA TTM -47.3m / Interest Expense TTM 14.8m) |
Altman Z'' -15.00
| A: 0.34 (Total Current Assets 117.5m - Total Current Liabilities 4.94m) / Total Assets 335.9m |
| B: -6.55 (Retained Earnings -2.20b / Total Assets 335.9m) |
| C: -0.21 (EBIT TTM -47.3m / Avg Total Assets 222.8m) |
| D: 0.16 (Book Value of Equity 27.1m / Total Liabilities 172.1m) |
| Altman-Z'' Score: -20.41 = D |
What is the price of NG shares?
Over the past week, the price has changed by +7.61%, over one month by -8.83%, over three months by +6.98% and over the past year by +181.90%.
Is NG a buy, sell or hold?
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.7 | 48.6% |
| Analysts Target Price | 13.7 | 48.6% |
| ValueRay Target Price | 10.1 | 9.9% |
NG Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 USD
EBIT TTM = -47.3m USD
EBITDA TTM = -47.3m USD
Long Term Debt = 166.3m USD (from longTermDebt, last quarter)
Short Term Debt = 176.4k USD (from shortTermDebt, last fiscal year)
Debt = 166.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 56.2m USD (from netDebt column, last quarter)
Enterprise Value = 3.62b USD (3.56b + Debt 166.3m - CCE 110.1m)
Interest Coverage Ratio = -3.20 (Ebit TTM -47.3m / Interest Expense TTM 14.8m)
EV/FCF = -93.54x (Enterprise Value 3.62b / FCF TTM -38.7m)
FCF Yield = -1.07% (FCF TTM -38.7m / Enterprise Value 3.62b)
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 = 10.77 (Enterprise Value 3.62b / Total Assets 335.9m)
Interest Expense / Debt = 2.21% (Interest Expense 3.67m / Debt 166.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = -37.4m (EBIT -47.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 23.79 (Total Current Assets 117.5m / Total Current Liabilities 4.94m)
Debt / Equity = 1.02 (Debt 166.3m / totalStockholderEquity, last quarter 163.8m)
Debt / EBITDA = -1.19 (negative EBITDA) (Net Debt 56.2m / EBITDA -47.3m)
Debt / FCF = -1.45 (negative FCF - burning cash) (Net Debt 56.2m / FCF TTM -38.7m)
Total Stockholder Equity = 112.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -42.48% (Net Income -94.7m / Total Assets 335.9m)
RoE = -84.13% (Net Income TTM -94.7m / Total Stockholder Equity 112.5m)
RoCE = -16.96% (EBIT -47.3m / Capital Employed (Equity 112.5m + L.T.Debt 166.3m))
RoIC = -13.67% (negative operating profit) (NOPAT -37.4m / Invested Capital 273.2m)
WACC = 9.76% (E(3.56b)/V(3.73b) * Re(10.13%) + D(166.3m)/V(3.73b) * Rd(2.21%) * (1-Tc(0.21)))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.88%
Fair Price DCF = unknown (Cash Flow -38.7m)
EPS Correlation: -31.16 | EPS CAGR: 0.0% | SUE: 0.01 | # QB: 0
Revenue Correlation: -21.89 | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-05-31): EPS=-0.08 | Chg30d=-0.038 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-11-30): EPS=-0.34 | Chg30d=-0.151 | Revisions Net=+1 | Growth EPS=+1.5% | Growth Revenue=+0.0%
EPS next Year (2027-11-30): EPS=-0.22 | Chg30d=-0.051 | Revisions Net=+1 | Growth EPS=+34.1% | Growth Revenue=+0.0%