Novagold Resources Stock Today
| NG Stock | USD 3.65 0.05 1.39% |
Performance0 of 100
| Odds Of DistressOver 81
|
NovaGold Resources is trading at 3.65 as of the 23rd of November 2024. This is a 1.39 percent increase since the beginning of the trading day. The stock's lowest day price was 3.59. NovaGold Resources has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for NovaGold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of May 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 4th of December 2003 | Category Basic Materials |
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.. The company has 334.57 M outstanding shares of which 8.78 M shares are now sold short in the market by investors with about 8.8 days to cover all shorted shares. More on NovaGold Resources
Moving against NovaGold Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
NovaGold Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Gregory Lang | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, SP TSX Composite, Gold and Gold Mining, Precious Metals, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsNovaGold Resources can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NovaGold Resources' financial leverage. It provides some insight into what part of NovaGold Resources' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NovaGold Resources (NG) is traded on NYSE MKT Exchange in USA. It is located in 400 Burrard Street, Vancouver, BC, Canada, V6C 3A6 and employs 13 people. NovaGold Resources is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 1.11 B. NovaGold Resources is active under Metals & Mining sector as part of Materials industry. The entity has 334.57 M outstanding shares of which 8.78 M shares are now sold short in the market by investors with about 8.8 days to cover all shorted shares.
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.
Check NovaGold Resources Probability Of Bankruptcy
Ownership AllocationNovaGold Resources maintains a total of 334.57 Million outstanding shares. Over half of NovaGold Resources' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check NovaGold Ownership Details
NovaGold Resources Historical Income Statement
NovaGold Stock Against Markets
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 price. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.
Earnings Share (0.14) | Return On Assets (0.12) | Return On Equity (17.91) |
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.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different 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.