NG Stock Overview
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States.
NovaGold Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$6.32|
|52 Week High||CA$10.53|
|52 Week Low||CA$5.53|
|1 Month Change||8.78%|
|3 Month Change||-10.48%|
|1 Year Change||-31.45%|
|3 Year Change||-30.47%|
|5 Year Change||21.54%|
|Change since IPO||-58.69%|
Recent News & Updates
Is NovaGold Resources (TSE:NG) Using Debt Sensibly?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is NovaGold Resources (TSE:NG) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|NG||CA Metals and Mining||CA Market|
Return vs Industry: NG underperformed the Canadian Metals and Mining industry which returned -14.3% over the past year.
Return vs Market: NG underperformed the Canadian Market which returned 0.7% over the past year.
|NG Average Weekly Movement||6.8%|
|Metals and Mining Industry Average Movement||11.5%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: NG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NG's weekly volatility (7%) has been stable over the past year.
About the Company
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987.
NovaGold Resources Fundamentals Summary
|NG fundamental statistics|
Is NG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NG income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
May 31, 2022
Next Earnings Date
Oct 04, 2022
|Earnings per share (EPS)||-0.14|
|Net Profit Margin||0.00%|
How did NG perform over the long term?See historical performance and comparison
Is NG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NG?
Other financial metrics that can be useful for relative valuation.
|What is NG's n/a Ratio?|
Price to Book Ratio vs Peers
How does NG's PB Ratio compare to its peers?
|NG PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
TFPM Triple Flag Precious Metals
LUG Lundin Gold
KNT K92 Mining
OR Osisko Gold Royalties
NG NovaGold Resources
Price-To-Book vs Peers: NG is expensive based on its Price-To-Book Ratio (29.3x) compared to the peer average (2.7x).
Price to Earnings Ratio vs Industry
How does NG's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Book vs Industry: NG is expensive based on its Price-To-Book Ratio (29.3x) compared to the Canadian Metals and Mining industry average (1.7x)
Price to Book Ratio vs Fair Ratio
What is NG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||29.3x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate NG's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate NG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NG's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is NovaGold Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if NG's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: NG is forecast to have no revenue next year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NG is forecast to be unprofitable in 3 years.
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How has NovaGold Resources performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NG is currently unprofitable.
Growing Profit Margin: NG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NG is unprofitable, and losses have increased over the past 5 years at a rate of 4.6% per year.
Accelerating Growth: Unable to compare NG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).
Return on Equity
High ROE: NG has a negative Return on Equity (-84.49%), as it is currently unprofitable.
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How is NovaGold Resources's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NG's short term assets ($143.3M) exceed its short term liabilities ($2.8M).
Long Term Liabilities: NG's short term assets ($143.3M) exceed its long term liabilities ($120.1M).
Debt to Equity History and Analysis
Debt Level: NG has more cash than its total debt.
Reducing Debt: NG's debt to equity ratio has increased from 30.5% to 213.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 5.1% each year
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What is NovaGold Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Lang (67 yo)
Mr. Gregory A. Lang, also known as Greg, has been the Chief Executive Officer and President of NovaGold Resources Inc. since January 9, 2012 and has been its Director since 2012. Mr. Lang has extensive yea...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD4.75M) is above average for companies of similar size in the Canadian market ($USD2.17M).
Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.
Experienced Management: NG's management team is seasoned and experienced (9.5 years average tenure).
Experienced Board: NG's board of directors are seasoned and experienced ( 10.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NovaGold Resources Inc.'s employee growth, exchange listings and data sources
- Name: NovaGold Resources Inc.
- Ticker: NG
- Exchange: TSX
- Founded: 1984
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$2.107b
- Shares outstanding: 333.34m
- Website: https://www.novagold.com
Number of Employees
- NovaGold Resources Inc.
- 400 Burrard Street
- Suite 1860
- British Columbia
- V6C 3A6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.