-$0.03 Earnings Per Share Expected for Novagold Resources Inc. (NG) This Quarter

Brokerages expect Novagold Resources Inc. (NASDAQ:NG) to post ($0.03) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Novagold Resources’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Novagold Resources also reported earnings per share of ($0.03) in the same quarter last year. The company is expected to issue its next quarterly earnings results on Wednesday, April 3rd.

According to Zacks, analysts expect that Novagold Resources will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.08). For the next fiscal year, analysts expect that the business will report earnings of ($0.06) per share. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Novagold Resources.

Novagold Resources (NASDAQ:NG) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02).

A number of analysts have recently commented on NG shares. BidaskClub upgraded Novagold Resources from a “sell” rating to a “hold” rating in a report on Friday, February 15th. B. Riley restated a “buy” rating on shares of Novagold Resources in a report on Friday, January 25th.

Shares of Novagold Resources stock opened at $4.30 on Tuesday. Novagold Resources has a one year low of $3.41 and a one year high of $5.05.

About Novagold Resources

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

Further Reading: Depreciation

Get a free copy of the Zacks research report on Novagold Resources (NG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Novagold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novagold Resources and related companies with MarketBeat.com's FREE daily email newsletter.