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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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Novagold Resources Inc. (NG) Return on equity
Novagold Resources Inc.'s return on equity over the twelve months to 31 August 2026 was −32.8%, up 129.9 percentage points from fiscal 2025 (−162.7%). Over the past ten years it has ranged from −431.8% (fiscal 2023) to 164.0% (fiscal 2024); the current reading is higher than 18% of that period. That is below the Gold industry median of 0.12% and below the Basic Materials sector median of 0.00%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | −162.7% | (326.67) |
| FY2024 | 164.0% | 595.75 |
| FY2023 | −431.8% | (333.15) |
| FY2022 | −98.6% | (55.72) |
| FY2021 | −42.9% | (15.90) |
| FY2020 | −27.0% | (8.40) |
| FY2019 | −18.6% | 32.12 |
| FY2018 | −50.7% | (37.36) |
| FY2017 | −13.4% | (2.60) |
| FY2016 | −10.8% | (2.05) |
Against its own ten years
Low −431.8%
High 164.0%
Ten-year median
−27.0%
Current reading's percentile
18
Return on equity against peers
| Company | Return on equity |
|---|---|
| OGC Oceanagold Corp. compare | 36.3% |
| FSM Fortuna Mining Corp. compare | 22.6% |
| ARIS Aris Mining Corporation compare | 19.1% |
| SSRM Silver Standard Resources Inc. compare | 6.80% |
| DRD DRDGOLD Limited compare | 0.00% |
| SA Seabridge Gold Inc. compare | −6.40% |
| AAUC Allied Gold Corporation compare | −11.5% |
| NG Novagold Resources Inc. | −32.8% |
| HYMC Hycroft Mining Holding Corporation compare | −72.3% |
| Gold industry median | 0.12% |
| Basic Materials sector median | 0.00% |
| Market median | 0.51% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)