-$0.02 EPS Expected for Novagold Resources Inc. (NASDAQ:NG) This Quarter

Equities analysts expect Novagold Resources Inc. (NASDAQ:NG) to report ($0.02) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Novagold Resources’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.02). Novagold Resources also reported earnings of ($0.02) per share in the same quarter last year. The firm is expected to announce its next earnings report on Tuesday, October 1st.

On average, analysts expect that Novagold Resources will report full year earnings of ($0.08) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.07). For the next year, analysts expect that the company will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.08) to ($0.06). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Novagold Resources.

Separately, BidaskClub lowered Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th.

NG stock traded up $0.22 during midday trading on Friday, reaching $6.10. The stock had a trading volume of 298,094 shares, compared to its average volume of 1,799,395. The business’s fifty day moving average price is $4.79. Novagold Resources has a twelve month low of $3.41 and a twelve month high of $5.97.

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.

Further Reading: Forex

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