NovaGold Resources Inc (NG)

NovaGold Resources Inc. operates in the gold mining industry, focusing on the exploration and development of gold mineral properties in the United States. The company's principal asset owns 60% interest in the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim and Mt. McKinley Recording Districts. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.

Symbol
NG
Exchange
NYSE
Sector
Basic Materials
Industry
Gold
Market cap
$3.41B
52 week range
5.08 - 14.4

Valuation

Share price
$7.26 (close of 2026-09-23)
P/E (TTM)
-45.71x
Price to book
8.10x
Price to free cash flow
-183.28x
Enterprise value
$3.51B
Book value per share
$0.96

Price performance

PeriodChange
1 day-1.36%
5 days+0.14%
1 month-16.74%
3 months+0.55%
6 months-10.70%
Year to date-22.10%
1 year-6.08%
3 years+66.90%
5 years+8.20%
10 years+31.76%
All time+58.17%

Profitability and growth

Return on equity
-57.79%
Return on invested capital
-21.43%
Return on assets
-28.18%
Return on capital employed
-14.29%
Revenue growth
0.00%
Net income growth
-107.49%
Free cash flow growth
-10.96%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.55%
Net debt to EBITDA
-1.68x

Latest reported year

Period end
2025-11-30
Fiscal year
2025
EBITDA
$-47.27M
Net income
$-94.66M
Earnings per share
$-0.25
Shares outstanding
374.70M

Income statement by year

Period endNet incomeEPS
2025-11-30$-94.66M$-0.25
2024-11-30$-45.62M$-0.14
2023-11-30$-46.80M$-0.14
2022-11-30$-53.34M$-0.16
2021-11-30$-40.54M$-0.12
2020-11-30$-33.56M$-0.10
2019-11-30$-27.76M$-0.09
2018-11-30$-112.77M$-0.35
2017-11-30$-39.02M$-0.12
2016-11-30$-33.85M$-0.11

Margins and returns by year

Period endReturn on equityReturn on capital
2025-11-30-57.79%-21.43%
2024-11-3096.21%-60.27%
2023-11-30569.17%-48.23%
2022-11-30-178.39%-53.21%
2021-11-30-51.78%-
2020-11-30-30.31%-64.36%
2019-11-30-20.12%-38.08%
2018-11-30-70.18%-19.54%
2017-11-30-13.74%-12.50%
2016-11-30-11.27%-10.74%

Cash and debt by year

Period endCash
2025-11-30$110.14M
2024-11-30$42.22M
2023-11-30$45.75M
2022-11-30$63.88M
2021-11-30$91.12M
2020-11-30$60.91M
2019-11-30$67.55M
2018-11-30$21.00M
2017-11-30$27.95M
2016-11-30$30.27M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-11-30$-14.03M$6.70M
2024-11-30$-12.64M$7.24M
2023-11-30$-7.79M$8.73M
2022-11-30$-12.37M$8.21M
2021-11-30$-9.86M$8.23M
2020-11-30$-10.02M$7.06M
2019-11-30$-6.13M$6.18M
2018-11-30$-10.39M$7.73M
2017-11-30$-8.08M$10.29M
2016-11-30$-8.94M$10.26M

Investor relations

Next earnings report

Next confirmed report
2026-10-07

Past earnings dates

ReportedFiscal periodEPS estimate
2026-06-24May/2026-
2026-04-01--
2026-01-22--
2025-10-01--
2025-06-25--
2025-06-24--
2025-04-01--
2025-01-23--

Filings and sources

Company website
novagold.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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