Analysts Expect Novagold Resources Inc. (NASDAQ:NG) Will Post Earnings of -$0.02 Per Share

Wall Street analysts forecast that Novagold Resources Inc. (NASDAQ:NG) will post earnings per share of ($0.02) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Novagold Resources’ earnings. Novagold Resources also reported earnings of ($0.02) per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 6th.

On average, analysts expect that Novagold Resources will report full-year earnings of ($0.09) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.10) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Novagold Resources.

Novagold Resources (NASDAQ:NG) last issued its earnings results on Wednesday, June 24th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).

Separately, BidaskClub lowered Novagold Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 4th.

NG traded up $0.32 during midday trading on Friday, hitting $9.12. The stock had a trading volume of 1,817,444 shares, compared to its average volume of 3,180,270. The business has a fifty day moving average of $8.70 and a 200 day moving average of $9.27. Novagold Resources has a 1 year low of $4.65 and a 1 year high of $12.85.

Novagold Resources Company Profile

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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