Logo image of NG.CA

NOVAGOLD RESOURCES INC (NG.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:NG - CA66987E2069 - Common Stock

13.02 CAD
+0.72 (+5.85%)
Last: 11/25/2025, 7:00:00 PM
Fundamental Rating

2

NG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 796 industry peers in the Metals & Mining industry. While NG seems to be doing ok healthwise, there are quite some concerns on its profitability. NG does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

NG had negative earnings in the past year.
In the past year NG has reported a negative cash flow from operations.
NG had negative earnings in each of the past 5 years.
In the past 5 years NG always reported negative operating cash flow.
NG.CA Yearly Net Income VS EBIT VS OCF VS FCFNG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20M -40M -60M -80M -100M

1.2 Ratios

NG has a Return On Assets of -26.03%. This is comparable to the rest of the industry: NG outperforms 46.11% of its industry peers.
With a Return On Equity value of -50.76%, NG perfoms like the industry average, outperforming 44.10% of the companies in the same industry.
Industry RankSector Rank
ROA -26.03%
ROE -50.76%
ROIC N/A
ROA(3y)-36.73%
ROA(5y)-29.11%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NG.CA Yearly ROA, ROE, ROICNG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400

1.3 Margins

NG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NG.CA Yearly Profit, Operating, Gross MarginsNG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

More info and screens

5

2. Health

2.1 Basic Checks

NG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for NG has been increased compared to 5 years ago.
The debt/assets ratio for NG is higher compared to a year ago.
NG.CA Yearly Shares OutstandingNG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
NG.CA Yearly Total Debt VS Total AssetsNG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

NG has an Altman-Z score of 4.01. This indicates that NG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of NG (4.01) is comparable to the rest of the industry.
NG has a Debt/Equity ratio of 0.92. This is a neutral value indicating NG is somewhat dependend on debt financing.
The Debt to Equity ratio of NG (0.92) is worse than 75.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Altman-Z 4.01
ROIC/WACCN/A
WACCN/A
NG.CA Yearly LT Debt VS Equity VS FCFNG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

NG has a Current Ratio of 26.91. This indicates that NG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 26.91, NG belongs to the top of the industry, outperforming 93.97% of the companies in the same industry.
NG has a Quick Ratio of 26.91. This indicates that NG is financially healthy and has no problem in meeting its short term obligations.
NG has a Quick ratio of 26.91. This is amongst the best in the industry. NG outperforms 93.97% of its industry peers.
Industry RankSector Rank
Current Ratio 26.91
Quick Ratio 26.91
NG.CA Yearly Current Assets VS Current LiabilitesNG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

More info and screens

0

3. Growth

3.1 Past

The earnings per share for NG have decreased by -7.69% in the last year.
EPS 1Y (TTM)-7.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to decrease by -3.58% on average over the next years.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-68.37%
EPS Next 2Y-8.2%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NG.CA Yearly EPS VS EstimatesNG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 -0.05 -0.1 -0.15 -0.2

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

NG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year NG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NG.CA Price Earnings VS Forward Price EarningsNG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NG.CA Per share dataNG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 0.6

4.3 Compensation for Growth

NG's earnings are expected to decrease with -3.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.2%
EPS Next 3Y-3.58%

More info and screens

0

5. Dividend

5.1 Amount

NG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

NOVAGOLD RESOURCES INC

TSX:NG (11/25/2025, 7:00:00 PM)

13.02

+0.72 (+5.85%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)10-01 2025-10-01/bmo
Earnings (Next)01-21 2026-01-21/amc
Inst Owners56.23%
Inst Owner ChangeN/A
Ins Owners0.79%
Ins Owner ChangeN/A
Market Cap5.30B
Revenue(TTM)N/A
Net Income(TTM)-89.90M
Analysts85.45
Price Target16.01 (22.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.55%
Min EPS beat(2)-12.01%
Max EPS beat(2)2.91%
EPS beat(4)2
Avg EPS beat(4)-6.89%
Min EPS beat(4)-45.63%
Max EPS beat(4)27.18%
EPS beat(8)2
Avg EPS beat(8)-32.33%
EPS beat(12)2
Avg EPS beat(12)-39.46%
EPS beat(16)4
Avg EPS beat(16)-34.07%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)47.17%
PT rev (3m)47.85%
EPS NQ rev (1m)-1.9%
EPS NQ rev (3m)-1.9%
EPS NY rev (1m)2.52%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 21.21
P/tB 21.21
EV/EBITDA N/A
EPS(TTM)-0.2
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0
BVpS0.61
TBVpS0.61
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -26.03%
ROE -50.76%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-36.73%
ROA(5y)-29.11%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 26.91
Quick Ratio 26.91
Altman-Z 4.01
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
EPS Next Y-68.37%
EPS Next 2Y-8.2%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-56.02%
EBIT Next 3Y-16.63%
EBIT Next 5YN/A
FCF growth 1Y-17.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.79%
OCF growth 3YN/A
OCF growth 5YN/A

NOVAGOLD RESOURCES INC / NG.CA FAQ

What is the fundamental rating for NG stock?

ChartMill assigns a fundamental rating of 2 / 10 to NG.CA.


What is the valuation status of NOVAGOLD RESOURCES INC (NG.CA) stock?

ChartMill assigns a valuation rating of 0 / 10 to NOVAGOLD RESOURCES INC (NG.CA). This can be considered as Overvalued.


How profitable is NOVAGOLD RESOURCES INC (NG.CA) stock?

NOVAGOLD RESOURCES INC (NG.CA) has a profitability rating of 1 / 10.