As NovaGold Resources Inc prepares to release its third-quarter financial results, investors are eager to see if the company can turn around its earnings.
Scheduled for release before the market opens on October 8, 2026, NovaGold Resources Inc (NG.TO) will report its financial results for the third quarter of fiscal 2026. With an EPS estimate of -$0.08, the company is under pressure as it navigates a tough market. This report is crucial for investors wanting to assess how well NovaGold's strategies are working in the current economic climate.
Recent earnings trend
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NovaGold Resources Inc
NG.TO
NG.TO
NovaGold Resources Inc
WealthAwesomeMarket cap
$4.43B
52W high
$19.69
52W low
$7.12
1W change
-3.17%
Beta
2.26
Analyst Price Targets
Based on analyst covering NG · as of Sep 17, 2026
Wall Street analysts forecast NG stock price to rise 105.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.70
+105.2% Upside
Current Price
C$10.09
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on NG's historical volatility
30-Day Vol
70.2%
Annualized
90-Day Vol
74.8%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$12.06
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.71 | C$8.41 – C$13.64 |
| 60 trading days | C$11.37 | C$8.07 – C$16.01 |
| 90 trading days | C$12.06 | C$7.93 – C$18.35 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-08-31 | 2026-09-30 | — | -0.0800 | — |
| 2026-05-31 | 2026-06-24 | -0.0900 | -0.0700 | -28.6% |
| 2026-02-28 | 2026-04-01 | -0.0600 | -0.0800 | +25.0% |
| 2025-11-30 | 2026-01-22 | -0.0414 | -0.0400 | -3.5% |
| 2025-08-31 | 2025-10-01 | -0.0600 | -0.0500 | -20.0% |
| 2025-05-31 | 2025-06-25 | -0.2100 | -0.0500 | -320.0% |
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Investor takeaway: Keep an eye on NovaGold's earnings report; it could show whether the company can bounce back from recent performance dips and seize growth opportunities in the gold mining sector.
Upcoming EPS Estimate: -$0.08
This estimate suggests a potential improvement from the year-ago EPS of -$0.06, indicating a 49.8% growth in earnings year-over-year if NovaGold meets expectations.
Bull case
If NovaGold can reduce its losses, it may indicate that management strategies are effective and operations are improving. This could boost investor confidence and lead to a rise in the stock price.
Bear case
On the flip side, if the company reports a larger loss than anticipated, it could raise concerns about its financial stability and the feasibility of its projects, which may negatively affect its stock performance.
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