A Business at a Glance
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NOVAGOLD RESOURCES INC
NG
$2.9B
Mkt Cap
$7.61
-6.05%
We operate in the gold mining industry, primarily focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (“Donlin Gold”), a limited liability company that is owned by wholly-owned subsidiaries of NOVAGOLD and Donlin Gold Holdings LLC, a subsidiary of Paulson Advantage Plus Master Ltd. and Paulson Partners LP (together, “Paulson”). Prior to June 3, 2025, Donlin Gold was owned equally by wholly-owned subsidiaries of NOVAGOLD and Barrick Mining Corporation (“Barrick”). We do not produce gold or any other minerals, and do not currently generate operating earnings. Funding to explore our mineral properties and to operate the Company was acquired primarily through equity financings consisting of public offerings of our common shares and warrants and through previous debt financing consisting of convertible notes, and the sale of assets.
| Metric | TTM | FY2025 | FY2024 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -72M | -95M | -46M | -41M | -34M | -28M |
| EPS | $-0.18 | $-0.25 | $-0.14 | $-0.12 | $-0.10 | $-0.09 |
| Free Cash Flow | 0 | -14M | -13M | -9.9M | -10M | -6.1M |
| ROIC | -10.5% | -43.6% | -39.2% | -19.6% | -14.5% | -11.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.41 | 1.02 | -3.20 | 1.48 | 1.00 | 0.75 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -69M | -47M | -38M | -37M | -33M | -27M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -17.1% | -162.7% | 164.0% | -42.9% | -27.0% | -18.6% |
| Shares Outstanding | 427M | 379M | 326M | 338M | 336M | 308M |
| Metric | 2011 | 2012 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 26M | 39M | 22M | 20M | 20M | 21M | 18M | 16M | 19M | 20M | 25M | 25M | 32M |
| EBIT | -116M | -80M | -38M | -32M | -29M | -32M | -27M | -27M | -33M | -37M | -38M | -47M | -69M |
| Op. Margin | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 65M | -12M | -40M | -32M | -34M | -39M | -113M | -28M | -34M | -41M | -46M | -95M | -72M |
| Net Margin | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 40M | 0 | 0 | 0 | 0 | 0 | 76K | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | -2.2% | -7.8% | -7.2% | -8.5% | -10.3% | -9.4% | -11.1% | -14.5% | -19.6% | -39.2% | -43.6% | -10.5% |
| ROE | N/A | -3.4% | -9.3% | -8.7% | -10.8% | -13.4% | -50.7% | -18.6% | -27.0% | -42.9% | 164.0% | -162.7% | -17.1% |
| ROA | 1176.5% | -3.4% | -7.3% | -6.7% | -8.0% | -9.7% | -34.2% | -11.0% | -14.3% | -19.2% | -37.5% | -42.5% | -12.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 0 | 0 | -9.8M | -11M | -8.9M | -8.1M | -10M | -6.1M | -10M | -9.9M | -13M | -14M | -19M |
| Free Cash Flow | N/A | N/A | -9.8M | -11M | -8.9M | -8.1M | -10M | -6.1M | -10M | -9.9M | -13M | -14M | 0 |
| Owner Earnings | -9.3M | -20M | -20M | -20M | -19M | -18M | -18M | -12M | -17M | -18M | -20M | -21M | -27M |
| CapEx | 3.6M | 100K | 21K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 306K | 228K | 36K | 35K | 33K | 34K | 22K | 15K | 7K | 7K | 22K | 22K | 22K |
| Growth CapEx | 3.3M | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 306K | 228K | 36K | 35K | 33K | 34K | 22K | 15K | 7K | 7K | 22K | 22K | 22K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 9.0M | 20M | 10M | 9.5M | 10M | 10M | 7.7M | 6.2M | 7.1M | 8.2M | 7.2M | 6.7M | 8.5M |
| Debt Repayment | 0 | 0 | 0 | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -116M | -74M | -46M | 53M | 61M | 75M | 35M | 48M | 23M | 109M | 55M | 94M |
| Cash & Equiv. | 59M | 255M | 70M | 42M | 30M | 28M | 21M | 68M | 61M | 91M | 42M | 110M | 79M |
| Long-Term Debt | N/A | 68M | 76M | 80M | 85M | 90M | 97M | 104M | 110M | 116M | 152M | 166M | 174M |
| Debt/Equity | N/A | 0.30 | 0.23 | 0.24 | 0.28 | 0.32 | 0.60 | 0.75 | 1.00 | 1.48 | -3.20 | 1.02 | 0.41 |
| Interest Coverage | -8.2 | -5.2 | -5.6 | -6.1 | -6.4 | -6.1 | -4.2 | -3.7 | -5.5 | -6.2 | -2.6 | -3.2 | -3.2 |
| Equity | N/A | 477M | 405M | 329M | 300M | 284M | 161M | 138M | 111M | 78M | -47M | 164M | 421M |
| Total Assets | 5.5M | 685M | 525M | 434M | 408M | 399M | 261M | 246M | 224M | 199M | 110M | 336M | 599M |
| Total Liabilities | N/A | 208M | 119M | 104M | 108M | 115M | 100M | 108M | 114M | 121M | 157M | 172M | 178M |
| Intangibles | 60K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | -1.6B | -1.7B | -1.7B | -1.7B | -1.9B | -1.9B | -1.9B | -2.0B | -2.1B | -2.2B | -2.2B |
| Working Capital | N/A | 145M | 150M | 127M | 104M | 81M | 166M | 147M | 193M | 165M | 98M | 113M | 373M |
| Current Assets | N/A | 259M | 169M | 130M | 107M | 85M | 169M | 150M | 196M | 169M | 103M | 117M | 376M |
| Current Liabilities | N/A | 114M | 19M | 3.5M | 3.1M | 3.4M | 3.7M | 3.3M | 3.5M | 4.4M | 4.5M | 4.9M | 3.3M |
| Per Share Data | |||||||||||||
| EPS | 0.07 | -0.05 | -127.59 | -0.10 | -0.11 | -0.12 | -0.35 | -0.09 | -0.10 | -0.12 | -0.14 | -0.25 | -0.18 |
| Owner EPS | -0.01 | -0.08 | -63.16 | -0.06 | -0.06 | -0.06 | -0.06 | -0.04 | -0.05 | -0.05 | -0.06 | -0.05 | -0.06 |
| Book Value | N/A | 2.02 | 1,276.81 | 1.03 | 0.98 | 0.87 | 0.50 | 0.45 | 0.33 | 0.23 | -0.15 | 0.43 | 0.99 |
| Cash Flow/Share | N/A | N/A | -30.91 | -0.03 | -0.03 | -0.02 | -0.03 | -0.02 | -0.03 | -0.03 | -0.04 | -0.04 | -0.17 |
| Dividends/Share | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 925.2M | 236.6M | 0.3M | 319.5M | 307.7M | 325.1M | 322.2M | 308.5M | 335.6M | 337.8M | 325.9M | 378.6M | 427.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -42.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.61 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.61 |
NOVAGOLD RESOURCES INC passes 0 of 9 quality checks, indicating weak fundamentals.
NOVAGOLD RESOURCES INC (NG) has a 5-year average return on invested capital (ROIC) of -25.6%. This is below average and may indicate limited pricing power.
NOVAGOLD RESOURCES INC (NG) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
NOVAGOLD RESOURCES INC (NG) does not currently pay a regular dividend.
NOVAGOLD RESOURCES INC (NG) generated $-14 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NOVAGOLD RESOURCES INC (NG) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
NOVAGOLD RESOURCES INC (NG) reported earnings per share (EPS) of $-0.25 in its most recent fiscal year.
NOVAGOLD RESOURCES INC (NG) has a return on equity (ROE) of -162.7%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 12 years of financial data for NOVAGOLD RESOURCES INC (NG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NOVAGOLD RESOURCES INC (NG) has a book value per share of $0.43, based on its most recent annual SEC filing.