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.

Ticker: NG
Exchange: NYSE
Sector: Basic Materials
Industry: Gold
Market cap: $2.81B
52-week range: $5.08 - $14.40

Valuation

Share price: $6.40 (close of Nov 6, 2026)
P/E (TTM): -29.57x
Price to book: 7.25x
Price to free cash flow: -133.98x
Enterprise value: $2.84B
Book value per share: $0.88

Price performance

Period	Change
1 day	+5.44%
5 days	+10.15%
1 month	-3.32%
3 months	-7.25%
6 months	-29.13%
Year to date	-31.33%
1 year	-18.37%
3 years	+71.12%
5 years	-17.42%
10 years	+18.08%
All time	+39.34%

Short interest

As of: Oct 15, 2026
Short % of float: 8.67%
Shares short: 23.86M
Days to cover: 4.94
Change since prior report: +1.87%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -57.79%
Return on invested capital: -14.29%
Return on assets: -28.18%
Return on capital employed: -14.29%

Cash flow and balance sheet

Free cash flow yield (TTM): -0.75%
Current ratio: 44.51x
Net debt to EBITDA: -0.41x

Latest reported year

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

Income statement by year

Period end	Net income	EPS
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 end	Return on equity	Return on capital
2025-11-30	-57.79%	-14.29%
2024-11-30	-	-36.04%
2023-11-30	-	-31.17%
2022-11-30	-178.39%	-31.22%
2021-11-30	-51.78%	-47.05%
2020-11-30	-30.31%	-29.15%
2019-11-30	-20.12%	-19.44%
2018-11-30	-70.18%	-16.98%
2017-11-30	-13.74%	-11.27%
2016-11-30	-11.27%	-9.66%

Cash and debt by year

Period end	Cash
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 end	Free cash flow	Stock-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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-08	Aug 2026	-$0.08
2026-06-24	May 2026	-$0.06
2026-04-01	Feb 2026	-$0.06
2026-01-22	Nov 2025	-$0.04
2025-10-01	Aug 2025	-$0.04
2025-06-25	May 2025	-$0.04
2025-04-01	Feb 2025	-
2025-01-23	Nov 2024	-

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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