Streetbeat News

NovaGold Resources Inc.

https://www.novagold.com

Industry

Gold

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. 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.

Open

3.44

Mkt cap

1.2B

Volume

1.4M

High

3.45

P/E Ratio

-24.57

52-wk high

4.88

Low

3.33

Div yield

N/A

52-wk low

2.23

Novagold Resources reported a Q3 2024 GAAP EPS of $(0.03), which is the same as the previous year, indicating no change in their financial performance on a per-share basis.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:10 pm

Precious metals stocks are experiencing a rise in share prices as gold and silver prices increase due to a decline in the US dollar following recent inflation data.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:40 pm

Novagold Resources reported its Q2 earnings with an EPS of $(0.04), missing the estimate of $(0.02). The company has a cash balance of $113 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:22 am

Novagold Resources has announced its expected expenditures for FY24, totaling $31,200. This includes $14,250 allocated to fund the Donlin Gold Project and $16,950 for corporate general and administrative costs.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:43 am

NOVAGOLD has appointed Peter Adamek as Vice President and CFO, effective July 15, 2024, following the retirement of long-serving CFO David Ottewell. Ottewell will remain until the transition is complete.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:07 pm

Despegar.com (NYSE:DESP) saw a significant rise in its stock price after reporting better-than-expected quarterly sales. Other stocks such as Doximity, Reddit, and Robinhood also recorded gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 2:11 pm

Gold prices have reached a new record above $2,300, buoying the mood among gold miners and investors. Despite the rise, gold mining stocks like the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ) have lagged behind due to higher production costs. Companies such as Alamos Gold Inc. (AGI), Gold Royalty Corp. (GROY), NovaGold Resources Inc. (NG), Equinox Gold Corp. (EQX), Western Exploration Inc. (WEXPF), and Gold Terra Resource Corp. (YGTFF) shared optimistic views on the gold market, citing factors like government debt, geopolitical risks, and the potential for lower interest rates as drivers for higher gold prices.

Portfolio Pulse from Matt Whittaker

April 08, 2024 | 1:59 pm

Novagold Resources (AMEX:NG) reported Q1 losses of $(0.03) per share, missing the consensus estimate of $(0.02) by 50%. The performance is unchanged from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:19 pm

Earnings reports for April 3, 2024, include a mix of projected profits and losses across various sectors. Notable companies like Acuity Brands, Levi Strauss, and BlackBerry are among those reporting, with expectations ranging from significant earnings to losses per share.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 9:36 am

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm

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