Novagold Resources Stock Analysis
| NG Stock | USD 3.65 0.05 1.39% |
NovaGold Resources is undervalued with Real Value of 5.15 and Target Price of 9.67. The main objective of NovaGold Resources stock analysis is to determine its intrinsic value, which is an estimate of what NovaGold Resources is worth, separate from its market price. There are two main types of NovaGold Resources' stock analysis: fundamental analysis and technical analysis.
The NovaGold Resources stock is traded in the USA on NYSE MKT Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and NovaGold Resources' ongoing operational relationships across important fundamental and technical indicators.
NovaGold |
NovaGold Stock Analysis Notes
About 26.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.14. NovaGold Resources had not issued any dividends in recent years. NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada. Novagold Resources operates under Gold classification in the United States and is traded on AMEX Exchange. To find out more about NovaGold Resources contact Gregory Lang at 604 669 6227 or learn more at https://www.novagold.com.NovaGold Resources Investment Alerts
| NovaGold Resources generated a negative expected return over the last 90 days | |
| NovaGold Resources has high historical volatility and very poor performance | |
| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4. | |
| Roughly 58.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Exor N.V. Acquires Significant Stake in Novagold Resources Inc |
NovaGold Resources Upcoming and Recent Events
| 2nd of April 2024 Upcoming Quarterly Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View |
NovaGold Largest EPS Surprises
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.
| 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 |
NovaGold Resources Environmental, Social, and Governance (ESG) Scores
NovaGold Resources' ESG score is a quantitative measure that evaluates NovaGold Resources' performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of NovaGold Resources' operations that may have significant financial implications and affect NovaGold Resources' stock price as well as guide investors towards more socially responsible investments.
NovaGold Resources Thematic Classifications
In addition to having NovaGold Resources stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Gold and Gold MiningStocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas | |
 | Precious MetalsUSA Equities from Precious Metals industry as classified by Fama & French |
NovaGold Market Capitalization
The company currently falls under 'Mid-Cap' category with a market capitalization of 1.11 B.NovaGold Profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.40) | (0.38) | |
| Return On Capital Employed | (0.15) | (0.16) | |
| Return On Assets | (0.40) | (0.38) | |
| Return On Equity | 6.55 | 6.87 |
Management Efficiency
NovaGold Resources has Return on Asset (ROA) of (0.1205) % which means that for every 100 dollars spent on asset, it generated a loss of $0.1205. This is way below average. Likewise, it shows a return on total equity (ROE) of (17.9148) %, 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 Equity is estimated to increase to 6.87, while Return On Tangible Assets are forecasted to increase to (0.38). At this time, NovaGold Resources' Debt To Assets are most likely to increase slightly in the upcoming years.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (0.03) | (0.03) | |
| Tangible Book Value Per Share | (0.03) | (0.03) | |
| Enterprise Value Over EBITDA | (51.24) | (53.81) | |
| Price Book Value Ratio | (153.56) | (145.88) | |
| Enterprise Value Multiple | (51.24) | (53.81) | |
| Price Fair Value | (153.56) | (145.88) | |
| Enterprise Value | 1.8 B | 1.9 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 1.097 | Return On Assets (0.12) | Return On Equity (17.91) |
Technical Drivers
As of the 25th of November, NovaGold Resources secures the Standard Deviation of 3.38, mean deviation of 2.44, and Risk Adjusted Performance of (0.04). 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 market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if NovaGold Resources is priced some-what accurately, providing market reflects its recent price of 3.65 per share. Given that NovaGold Resources has information ratio of (0.1), 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 Price Movement Analysis
The output start index for this execution was eleven with a total number of output elements of fifty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NovaGold Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for NovaGold Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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 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.
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NovaGold Resources Predictive Daily 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
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 2nd of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 1st of October 2024 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 |
F4 | 3rd of September 2024 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 |
F3 | 15th of July 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
F4 | 2nd of July 2024 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 |
NovaGold Resources Forecast Models
NovaGold Resources' time-series forecasting models are one of many NovaGold Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NovaGold Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About NovaGold Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how NovaGold Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NovaGold shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NovaGold Resources. By using and applying NovaGold Stock analysis, traders can create a robust methodology for identifying NovaGold entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (566.52) | (538.19) | |
| Operating Profit Margin | (261.44) | (248.37) | |
| Net Loss | (439.22) | (417.26) | |
| Gross Profit Margin | 0.51 | 0.54 |
Current NovaGold Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NovaGold analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NovaGold analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 9.67 | Buy | 3 | Odds |
Most NovaGold analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NovaGold stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NovaGold Resources, talking to its executives and customers, or listening to NovaGold conference calls.
NovaGold Stock Analysis Indicators
NovaGold Resources stock analysis indicators help investors evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading NovaGold Resources shares will generate the highest return on investment. By understating and applying NovaGold Resources stock analysis, traders can identify NovaGold Resources position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 63.9 M | |
| Long Term Debt | 136.7 M | |
| Common Stock Shares Outstanding | 334.1 M | |
| Total Stockholder Equity | -8.2 M | |
| Tax Provision | 39 K | |
| Property Plant And Equipment Net | 898 K | |
| Cash And Short Term Investments | 125.7 M | |
| Cash | 45.7 M | |
| Accounts Payable | 703 K | |
| Net Debt | 91.8 M | |
| 50 Day M A | 3.791 | |
| Total Current Liabilities | 3.9 M | |
| Other Operating Expenses | 21.8 M | |
| Non Current Assets Total | 6.1 M | |
| Stock Based Compensation | 8.7 M |
Complementary Tools for NovaGold Stock analysis
When running NovaGold Resources' price analysis, check to measure NovaGold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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