# Novagold Resources Inc (NG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$11.16, market value C$4.9 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Novagold Resources Inc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 8.4×**. The shares trade at 8.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -0.5%** (5-yr avg -0.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -57.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -24.0%**. Return on all capital, debt included, is -24.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -21.5%**. Each dollar of assets produces -21.5% of profit.

## Growth
- **EPS growth (1 yr): -78.6%**. Earnings per share fell 78.6%.

## Financial health
- **Debt to equity: 1.02**. Debt is 1.02 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Novagold Resources Inc holds more cash than debt.
- **Interest coverage: -3.5×**. Operating profit covers interest only -3.5×: fragile.
- **Current ratio: 23.79** (quick 23.79). Current assets cover the next year's liabilities 23.79 times.
- **Altman Z-score: 17.69**. A Z-score of 17.69 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Novagold Resources Inc does not currently pay a dividend, but it returned -9.4% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Novagold Resources Inc; the consensus is buy, with an average price target of C$20.70 (+85% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 19.6%** (YTD -12.8%, 3-mo 9.6%). The shares are up 19.6% over twelve months including dividends.
- **From 52-week high: -43.3%** (56.7% above the low). Trading 43% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 3.90** (volatility 78%). Beta of 3.90 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NG.TO · Page: https://foliofundamentals.com/stocks/ng.to

Not investment advice.