Analysts Expect Novagold Resources Inc. (NASDAQ:NG) to Post -$0.02 EPS

Equities research analysts predict that Novagold Resources Inc. (NASDAQ:NG) will announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Novagold Resources’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.02). Novagold Resources also reported earnings per share of ($0.02) during the same quarter last year. The company is scheduled to report its next earnings results on Tuesday, October 1st.

According to Zacks, analysts expect that Novagold Resources will report full-year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to ($0.07). For the next year, analysts expect that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.10) to ($0.06). Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Novagold Resources.

Novagold Resources (NASDAQ:NG) last issued its quarterly earnings results on Wednesday, June 26th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02).

Separately, BidaskClub cut shares of Novagold Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

NASDAQ:NG traded down $0.10 during trading hours on Monday, reaching $6.82. 2,506,841 shares of the company’s stock were exchanged, compared to its average volume of 1,945,909. The company has a 50-day moving average of $6.27 and a 200 day moving average of $4.67. Novagold Resources has a 1-year low of $3.41 and a 1-year high of $7.13.

About Novagold Resources

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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