NovaGold Resources Inc trades with the ticker NG on the TSX and is in the Gold industry.
Overview
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.
Looking to invest in NovaGold Resources Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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NG.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $1153.58MM
PE Ratio:
Price: 2.65 (Updated: 3/12/2024 0:47:16)
NovaGold Resources Inc (NG) vs Competitors in Gold
Lets see how NG.TO stacks up against others in the Gold asset management industry. We have identified its main peers as:Barrick Gold Corporation, Agnico Eagle Mines Limited, Alamos Gold Inc, Galiano Gold Inc, Alio Gold Inc
.Gold Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Barrick Gold Corporation (ABX) | $37,376.086 | 21.948 | 7.456 | 2.6% |
| Agnico Eagle Mines Limited (AEM) | $37,307.372 | 14.049 | 9.752 | 2.9% |
| Alamos Gold Inc (AGI) | $7,157.749 | 25.408 | 14.058 | 0.8% |
| Galiano Gold Inc (AKG) | $353.306 | N/A | 0.0 | 0.0% |
| Alio Gold Inc (ALO) | $168.547 | N/A | 0.0 | 0.0% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Gold
- NovaGold Resources Inc (NG) vs Barrick Gold Corporation (ABX)
- ABX has higher EPS (0.97 vs -0.19). ABX provides dividends, while NG does not. NG has a P/E under 0, indicating ABX (P/E 21.948) is in a better position.
- NovaGold Resources Inc (NG) vs Agnico Eagle Mines Limited (AEM)
- AEM has higher EPS (5.34 vs -0.19). AEM provides dividends, while NG does not. NG has a P/E under 0, indicating AEM (P/E 14.049) is in a better position.
- NovaGold Resources Inc (NG) vs Alamos Gold Inc (AGI)
- AGI has higher EPS (0.71 vs -0.19). AGI provides dividends, while NG does not. NG has a P/E under 0, indicating AGI (P/E 25.408) is in a better position.
- NovaGold Resources Inc (NG) vs Galiano Gold Inc (AKG)
- AKG has higher EPS (-0.003 vs -0.19). AKG provides dividends, while NG does not. AKG and NG both have P/E’s under 0.
- NovaGold Resources Inc (NG) vs Alio Gold Inc (ALO)
- NG has higher EPS (-0.19 vs -0.274). ALO provides dividends, while NG does not. ALO and NG both have P/E’s under 0.
Our Recommendation: Hold
Features a lower EV/EBITDA ratio (-34.70) than the industry average (-2.10), indicating attractive valuation.
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