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NovaGold Resources Inc (NG) stock analysis

NGNYSEGold and Silver OresFiscal year ends November 30
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 8, 2026Score 4/30
$6.05−0.19 (-3.04%)

Close on Nov 11, 2026Market cap $2.65BP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth1Performance0Health3Dividend0

Weak4 of 30 checks passed

NovaGold Resources passes 4 of the 30 checks behind our score; 18 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
1/6
Past performance
0/6
Financial health
3/6
Dividend
0/6

What stands out

  • Low bankruptcy risk

    The Altman Z-score is 3.20; above 3 is the safe zone and below 1.8 the distress zone.

  • Guidance raised

    NovaGold Resources raised its fiscal 2026 Donlin Gold funding guidance outlook on Oct 8, 2026.

  • Debt falling against equity

    Debt to equity fell from 99.2% five years ago to 45.8%.

  • Short-term assets cover short-term debts

    Current assets are 44.51 times current liabilities.

What to watch

  • Return on equity under 15%

    Return on equity was -32.8% over the last twelve months and averaged -184% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -20.5%, below the 10% that usually covers the cost of capital.

  • High debt

    Debt is 45.8% of shareholders' equity, above the 40% we consider low.

  • Interest not well covered

    Operating income covers interest expense -6.1 times; we look for at least 5.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B above the industry

    NovaGold Resources's price-to-book of 6.86 is above the Materials median of 3.45.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growth over 3 years

    Needs three years of positive revenue.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growth against the industry

    Needs revenue for this year and last.

  • Guidance raised

    NovaGold Resources raised its fiscal 2026 Donlin Gold funding guidance outlook on Oct 8, 2026.

  • Gross margin trend

    This company does not report gross profit.

Past performance0/6

  • Return on equity under 15%

    Return on equity was -32.8% over the last twelve months and averaged -184% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -20.5%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    NovaGold Resources's return on equity of -32.8% is below the Materials median of -8.5%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health3/6

  • High debt

    Debt is 45.8% of shareholders' equity, above the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 99.2% five years ago to 45.8%.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -11.8% of total debt; we look for at least 20%.

  • Interest not well covered

    Operating income covers interest expense -6.1 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 44.51 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 3.20; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    NovaGold Resources has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for NovaGold Resources. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/B at month end
  • Own 5-year median 21.3
  • Materials median 3.5

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$28.05M
Value traded per 1% price move
$10.23M

Downside

High risk

Typical loss in a bad month
34.2%
Volatility (annualized)
77%
Sharpe ratio, 1 year
-0.44
Beta to the S&P 500 (5Y)
1.16

Typical bad-month loss, week by week

25%: high

Margins need revenue and profit figures

This company does not report the lines needed to calculate margins.

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