As NovaGold prepares to unveil its latest earnings, investors are closely watching the company's path amid changing gold prices and strategic acquisitions.
NovaGold Resources Inc (NG.TO) will report its earnings on October 8, 2026, before the market opens. Investors will pay particular attention to the company's performance metrics, especially with the consensus EPS estimate at -$0.08. This report is crucial as the company aims to strengthen its position in the gold mining sector, especially with plans to acquire the remaining interest in Donlin Gold.
Recent earnings trend
Advertisement
NovaGold Resources Inc
NG.TO
NG.TO
NovaGold Resources Inc
WealthAwesomeMarket cap
$4.10B
52W high
$19.69
52W low
$7.12
1W change
-0.74%
Beta
2.26
Analyst Price Targets
Based on analyst covering NG · as of Sep 29, 2026
Wall Street analysts forecast NG stock price to rise 124.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.95
+124.1% Upside
Previously C$20.70 on Sep 17, 2026
Current Price
C$9.35
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
60.0%
Annualized
90-Day Vol
74.4%
Annualized
Trend (90d)
+48.0%
Annualized drift
90d Mean
C$11.10
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.90 | C$8.05 – C$12.18 |
| 60 trading days | C$10.48 | C$7.82 – C$14.05 |
| 90 trading days | C$11.10 | C$7.75 – C$15.89 |
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.
Advertisement
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 | 2026-10-08 | — | -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% |
Advertisement
Investor takeaway: With a historical beat rate of 25% in the last four quarters, NovaGold's upcoming earnings report is significant. Investors should consider both the EPS estimates and the broader market conditions affecting gold prices, as well as the implications of the upcoming shareholder vote on its acquisition plans.
EPS Estimate: -$0.08
This shows an improvement from the year-ago EPS of -$0.06, suggesting a potential growth trend despite ongoing challenges in the gold market.
Bull case
A strong earnings report could indicate a recovery in NovaGold's finances, particularly if the company can reduce its losses and get closer to the consensus estimate. Additionally, acquiring Donlin Gold could boost production capabilities and long-term profitability, making the stock more appealing to investors.
Bear case
On the other hand, if the company reports a larger loss than expected, it may raise concerns about its operational efficiency and cost management. Not securing shareholder approval for the acquisition could also negatively impact investor sentiment.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
