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Earnings transcript
Read the complete earnings call transcript.
NG
NG
NovaGold Resources Inc.
$6.05
0.04
(0.58%)
| Exchange: | AMEX |
| Market Cap: | 2.653B |
| Shares Outstanding: | 5.5M |
Delayed data
About The Company
| Sector: | Basic MaterialsView sector performance | |||||
| Industry: | GoldView industry performance | |||||
| CEO: | Gregory A. Lang | |||||
| Full Time Employees: | 12 | |||||
| Address: |
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| Website: | https://www.novagold.com |
NovaGold Resources Inc. (NG) is an enterprise primarily engaged in the discovery and advancement of gold mining properties, with its operational focus predominantly within the United States. A central component of the company’s assets is the Donlin Gold project, a significant holding situated in the Kuskokwim region of southwestern Alaska. This expansive site is comprised of 493 individual mining claims, collectively encompassing approximately 29,008 hectares. Founded in 1984, the company initially operated as NovaCan Mining Resources (1985) Limited before rebranding to NovaGold Resources Inc. in March 1987. Its corporate headquarters are located in Vancouver, Canada.
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Revenue Segmentation
NG full analysis
Welcome back to MarketSnap. Here's a puzzle for you. NovaGold just won full control of one of the largest undeveloped gold deposits in North America — the kind of milestone any mining executive would pop champagne over. And the stock? Still down roughly thirty percent over the past year. So on one side you've got a genuine corporate achievement. On the other, a chart that simply refuses to care. That contradiction is the whole story. Is full ownership of Donlin…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Gross Profit | -9.957 | -21.399 | -25.378 |
| EBITDA | -33,547.172 | -29,279.517 | -79,001 |
| Operating Income | -21,690.033 | -24,255.475 | -47,315.380 |
| Net Income | -46,603.251 | -44,375.964 | -94,659 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 133,290 | 109,753 | 335,913 |
| Total Liabilities | 141,513 | 157,169 | 172,119 |
| Total Stockholders Equity | -8,223 | -47,416 | 163,794 |
| Total Debt | 137,549 | 152,452 | 166,296 |
| Cash and Cash Equivalents | 45,749 | 42,224 | 110,143 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -7,786 | -24,129 | -38,689 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | -7,786 | -24,129 | -38,689 |
| Net Income | -46,803 | -25,842 | -39,533 |
| Net Change in Cash | -18,133 | 683 | -34,107 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (High) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (Avg) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Net Income (Low) | -24,355.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | -24,355.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | -24,355.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | -0.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | -0.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | -0.070 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Consolidation of Donlin Gold to 100% ownership. Definitive agreements to acquire Paulson's 40% interest via an all-share transaction simplify the capital structure and consolidate one of North America's largest undeveloped gold deposits under a single U.S.-domiciled parent. This removes a joint-venture partner layer and centralizes development decision-making.
- Strong liquidity position. FY2025 cash and cash equivalents of $110.1M against total current liabilities of $4.9M, with a current ratio of 3.33 and quick ratio of 3.33. The company remains debt-light (debt-to-equity of -0.04), and FY2025 financing activities brought in $40.9M, extending the funding runway.
- Tier 1 asset scale with exploration optionality. Donlin Gold comprises 493 mining claims across approximately 29,008 hectares in southwestern Alaska. Management characterizes it as a Tier 1 asset with substantial exploration upside, and the project sits in a stable U.S. mining jurisdiction.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates NG intrinsic value between $0.58 – $0.59 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NG valuation
Is NovaGold Resources Inc. (NG) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for NovaGold Resources Inc. (NG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NG a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NG’s P/E ratio?
You can see NG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NG?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NG a good long-term investment?
Whether NG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NG
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Daily snapshot
0.58
Trading Metrics:
| Open: | 6.05 | Previous Close: | 6.01 | |
| Day Low: | 5.75 | Day High: | 6.1 | |
| Year Low: | 5.08 | Year High: | 14.4 | |
| Price Avg 50: | 7.4 | Price Avg 200: | 8.34 | |
| Volume: | 1.602M | Average Volume: | 5.196M |
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