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Friday 6 November 2026
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Novagold Resources Inc.
- EPS
- −100.0%
- Free cash flow
- −261.1%
- Total debt
- +9.15%
Quarter to August 2026, against a year earlier
6.14
0.04
+0.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to November
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Aug ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | 1 | — | — | — | — | — | |
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 | 0.0 pt | ||||||
| EBT | (34) | (37) | (31) | (26) | (34) | (40) | (53) | (47) | (45) | (95) | (93) | +12.2% | ||||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| Net income | (34) | (39) | (113) | (28) | (34) | (41) | (53) | (47) | (46) | (95) | (93) | +12.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | (0.11) | (0.12) | (0.35) | (0.09) | (0.10) | (0.12) | (0.16) | (0.14) | (0.14) | (0.25) | (0.21) | +9.6% | ||||||
| Cash flow | (0.02) | (0.03) | (0.03) | (0.02) | (0.03) | (0.03) | (0.04) | (0.02) | (0.04) | (0.04) | (0.05) | +5.4% | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | (0.02) | (0.03) | (0.03) | (0.02) | (0.03) | (0.03) | (0.04) | (0.02) | (0.04) | (0.04) | (0.05) | +5.4% | ||||||
| Book value | 0.94 | 0.88 | 0.50 | 0.42 | 0.34 | 0.24 | 0.09 | (0.02) | (0.14) | 0.44 | 0.88 | (8.1%) | ||||||
| Shares, m | 320 | 322 | 322 | 326 | 329 | 332 | 333 | 334 | 334 | 375 | 417 | +1.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | 0 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (7) | (8) | (10) | (6) | (10) | (10) | (12) | (8) | (13) | (14) | (21) | +7.3% | |||||
| Capex | — | — | — | — | — | 0 | — | 1 | 1 | — | 1 | +54.9% | ||||||
| Free cash flow | (7) | (8) | (10) | (6) | (10) | (10) | (12) | (7) | (12) | (14) | (21) | +7.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 104 | 81 | 166 | 147 | 193 | 165 | 148 | 123 | 98 | 113 | 342 | +0.9% | |||||
| Net debt | (20) | 6 | (71) | (45) | (12) | (53) | (2) | 11 | 50 | 51 | (166) | n/m | ||||||
| Shareholders’ equity | 300 | 284 | 161 | 138 | 111 | 78 | 30 | (8) | (47) | 164 | 387 | (6.5%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (8.04) | (9.67) | (34.19) | (10.96) | (14.27) | (19.15) | (29.80) | (32.00) | (37.54) | (42.48) | (20.16) | (34.4) pt | |||||
| ROIC | (6.73) | (6.90) | (18.91) | (17.98) | (21.06) | (92.53) | (108.89) | (907.60) | (820.98) | (13.75) | (25.66) | (7.0) pt | ||||||
| ROE | (10.75) | (13.35) | (50.71) | (18.59) | (26.99) | (42.89) | (98.61) | (431.76) | 163.99 | (162.68) | (32.81) | (151.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 13 | 13 | 13 | 12 | 13 | 14 | 13 | 13 | 14 | 12 | — | (0.9%) | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Nov 2010 · latest quarter Nov 2011 · fundamentals updated 2 Nov 2026
Novagold Resources Inc. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OGC Oceanagold Corp. | $6.1B | 7.1× | — | +49.70% (above 0%: growing) | +95.30% (above 0%: growing) | +8.33% (above 0%: growing) | 66.77% | 48.52% | Compare |
| SSRM Silver Standard Resources Inc. | $5.6B | 22.8× | 10.1× | +16.02% (above 0%: growing) | +23.00% (above 0%: growing) | −152.32% (below 0%: shrinking) | 58.21% | 27.29% | Compare |
| ARIS Aris Mining Corporation | $3.2B | 11.1× | — | +62.31% (above 0%: growing) | n/m | −140.02% (below 0%: shrinking) | 58.58% | 48.02% | Compare |
| AAUC Allied Gold Corporation | $3.0B | — (loss-making) | 26.0× | +45.37% (above 0%: growing) | n/m | −202.76% (below 0%: shrinking) | 46.04% | 41.88% | Compare |
| FSM Fortuna Mining Corp. | $2.8B | 7.7× | — | +38.19% (above 0%: growing) | +108.33% (above 0%: growing) | +246.98% (above 0%: growing) | 57.62% | 49.28% | Compare |
| SA Seabridge Gold Inc. | $2.8B | — (loss-making) | — | — | n/m | −75.24% (below 0%: shrinking) | — | 0.00% | Compare |
| NG Novagold Resources Inc. | $2.7B | — (loss-making) | — | −36.57% (below 0%: shrinking) | n/m | −261.13% (below 0%: shrinking) | 0.00% | 0.00% | |
| DRD DRDGOLD Limited | $2.1B | 151× | — (loss-making) | −6.32% (below 0%: shrinking) | n/m | +308.04% (above 0%: growing) | 31.56% | 0.00% | Compare |
| HYMC Hycroft Mining Holding Corporation | $1.6B | — (loss-making) | — (loss-making) | −52.23% (below 0%: shrinking) | n/m | −188.11% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $2.9B | 11.1× | — | +38.19% | +95.30% | −107.63% | 57.62% | 34.59% |
Pay and ownership Proxy statement filed 25 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 5.22m | 23.67m | 277.28 |
| 2024 | 5.03m | 2.75m | 87.73 |
| 2023 | 5.15m | (1.10m) | 69.88 |
| 2022 | 4.84m | 793.11k | 91.61 |
Ownership
Directors and executive officers, together
1.67%
Thomas Kaplan Chairman of the Board
23.90%
Electrum Strategic Resources LP (“Electrum”)
22.38%
Paulson & Co. Inc.
9.24%
Lingotto Investment Management LLP
7.95%
FMR LLC
5.45%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement