B. Riley Analysts Lower Earnings Estimates for NovaGold Resources Inc. (TSE:NG)

NovaGold Resources Inc. (TSE:NG) (AMEX:NG) – Analysts at B. Riley cut their FY2021 earnings per share (EPS) estimates for NovaGold Resources in a research note issued on Tuesday, October 12th. B. Riley analyst L. Pipes now forecasts that the mining company will post earnings of ($0.14) per share for the year, down from their prior forecast of ($0.13).

TSE:NG opened at C$9.61 on Thursday. NovaGold Resources has a fifty-two week low of C$8.21 and a fifty-two week high of C$14.98. The stock has a market capitalization of C$3.19 billion and a P/E ratio of -68.16. The company has a debt-to-equity ratio of 131.93, a quick ratio of 61.97 and a current ratio of 62.14. The company’s 50-day simple moving average is C$8.97 and its 200-day simple moving average is C$10.38.

NovaGold Resources (TSE:NG) (AMEX:NG) last posted its earnings results on Wednesday, September 29th. The mining company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01).

In other NovaGold Resources news, Senior Officer Melanie Hennessey sold 27,031 shares of NovaGold Resources stock in a transaction that occurred on Wednesday, October 13th. The shares were sold at an average price of C$9.59, for a total transaction of C$259,227.29. Following the completion of the sale, the insider now directly owns 563,741 shares in the company, valued at approximately C$5,406,276.19. Also, Senior Officer Gregory Anthony Lang sold 25,089 shares of NovaGold Resources stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of C$10.71, for a total transaction of C$268,582.76. Following the sale, the insider now owns 4,648 shares of the company’s stock, valued at C$49,757.77.

About NovaGold Resources

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. It primarily owns 50% interest in the Donlin Gold project consisting of 493 mining claims covering an area of 71,420 acres 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.

Further Reading: Understanding dividend yield and dividend payout ratio

Earnings History and Estimates for NovaGold Resources (TSE:NG)

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