-$0.02 EPS Expected for Novagold Resources Inc. (NASDAQ:NG) This Quarter

Equities analysts expect that Novagold Resources Inc. (NASDAQ:NG) will report ($0.02) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Novagold Resources’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.02). Novagold Resources also posted earnings per share of ($0.02) during the same quarter last year. The business is scheduled to report its next earnings results on Tuesday, October 1st.

On average, analysts expect that Novagold Resources will report full year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.07). For the next year, analysts anticipate that the company will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.08) to ($0.06). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Novagold Resources.

Separately, BidaskClub cut Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th.

NASDAQ NG traded up $0.22 during trading on Friday, hitting $6.10. The stock had a trading volume of 298,094 shares, compared to its average volume of 1,799,395. The company has a 50-day moving average price of $4.79. Novagold Resources has a 12 month low of $3.41 and a 12 month high of $5.97.

Novagold Resources Company Profile

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: Compound Interest and Why It Matters When Investing

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.