NG Basic Materials

NovaGold Resources Inc.

$5.75-2.21%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Gold
Country: Canada
Market cap: 2.5B USD
Enterprise value: 2.9B USD
Full-time employees: 12

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 2.26 vs a peer median of 0.69)bigger price swings (beta 2.26 vs peers 0.69)
Not enough data: growth

Would rank #968 of 1,217 fully scored basic materials companies (bottom 21%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 31% from November 2022 to October 2026.
NovaGold Resources had 31% more shares at October 2026 than at November 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.NovaGold Resources had 31% more shares at October 2026 than at November 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Not profitable yet. Reported a loss in the 12 months to August 2026.
NovaGold Resources reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
More volatile share price. Beta 2.26: tends to move more than the market.
NovaGold Resources's shares have swung more with the market than most peers' (beta 2.26, above the market's 1.0).

StockQuotient Score

34/ 100▲ 1 since Oct 27 close

Oct 5 34 → Nov 4 34

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-3.7%

SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-3.6%

SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-0.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield15.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

2/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0757 · MAD: 0.0617

Return on assets-16.2%

SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-17.2%

SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.22Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin0.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-23.9%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 90 → 91

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.26

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.96Sector median: 0.6950 · MAD: 0.2810

Current ratio44.51×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 10.36Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.46×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.34Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about NovaGold Resources

Is NovaGold Resources getting weaker?: Its latest SEC filing (Oct 8, 2026) showed no major changes. Its overall score is 34/100, up 1 since Oct 28, 2026.
How is NovaGold Resources valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -3.7% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -3.7% vs peers 3.6% (weaker than 100% of peers).
Is NovaGold Resources growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is NovaGold Resources?: Less profitable than most of its peers. Profitability scores 2/100 against 1,371 basic materials peers. Return on assets -16.2% vs a peer median of 2.5% (weaker than 100% of peers).Return on assets -16.2% vs peers 2.5% (weaker than 100% of peers).
How risky is NovaGold Resources?: Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 44.51× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 44.51× vs peers 1.76× (stronger than 95% of peers). Beta 2.26 vs a peer median of 0.69 (weaker than 100% of peers).Beta 2.26 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended May 31, 2026 · filed Oct 8, 2026 · compared with the quarter ended Nov 30, 2025

No major changes

Worth watching: NovaGold Resources is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	0 USD	0 USD	—
Net income (12 months)	−101.0M USD	−92.6M USD	−8.3%
Debt	169.9M USD	177.5M USD	+4.5%
Cash	117.5M USD	146.4M USD	+24.6%
Shares outstanding	438.8M	438.8M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Nov 2021	FY Nov 2022	FY Nov 2023	FY Nov 2024	FY Nov 2025	Change
Return on assets (ROA)	-20.4%	-33.5%	-35.1%	-41.6%	-28.2%	▲ 13 pts
Return on equity (ROE)	-51.8%	-178.4%	—	—	-57.8%	—
Current ratio	38.66×	33.17×	32.57×	22.91×	23.79×	▲ 3.9%
Debt to equity	1.48×	4.14×	—	—	1.02×	—
Interest coverage	-6.22×	-6.06×	-3.09×	-2.56×	-3.20×	▼ 25%

NG price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sylvania Platinum LimitedSLP.L97/ 100

Serabi Gold plcSRB.L95/ 100

Wesdome Gold Mines Ltd.WDO.TO95/ 100

Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 2.26 vs a peer median of 0.69)bigger price swings (beta 2.26 vs peers 0.69)

Not enough data: growth

Would rank #968 of 1,217 fully scored basic materials companies (bottom 21%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 31% from November 2022 to October 2026.

NovaGold Resources had 31% more shares at October 2026 than at November 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.NovaGold Resources had 31% more shares at October 2026 than at November 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Not profitable yet. Reported a loss in the 12 months to August 2026.

NovaGold Resources reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

More volatile share price. Beta 2.26: tends to move more than the market.

NovaGold Resources's shares have swung more with the market than most peers' (beta 2.26, above the market's 1.0).

Questions investors ask about NovaGold Resources

Is NovaGold Resources getting weaker?

Its latest SEC filing (Oct 8, 2026) showed no major changes. Its overall score is 34/100, up 1 since Oct 28, 2026.

How is NovaGold Resources valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -3.7% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -3.7% vs peers 3.6% (weaker than 100% of peers).

Is NovaGold Resources growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is NovaGold Resources?

Less profitable than most of its peers. Profitability scores 2/100 against 1,371 basic materials peers. Return on assets -16.2% vs a peer median of 2.5% (weaker than 100% of peers).Return on assets -16.2% vs peers 2.5% (weaker than 100% of peers).

How risky is NovaGold Resources?

Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 44.51× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 44.51× vs peers 1.76× (stronger than 95% of peers). Beta 2.26 vs a peer median of 0.69 (weaker than 100% of peers).Beta 2.26 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

0 USD

0 USD

—

Net income (12 months)

−101.0M USD

−92.6M USD

−8.3%

Debt

169.9M USD

177.5M USD

+4.5%

Cash

117.5M USD

146.4M USD

+24.6%

Shares outstanding

438.8M

438.8M

+0.0%

Key ratios

FY Nov 2021

FY Nov 2022

FY Nov 2023

FY Nov 2024

FY Nov 2025

Change

Return on assets (ROA)

-20.4%

-33.5%

-35.1%

-41.6%

-28.2%

▲ 13 pts

Return on equity (ROE)

-51.8%

-178.4%

—

-57.8%

—

Current ratio

38.66×

33.17×

32.57×

22.91×

23.79×

▲ 3.9%

Debt to equity

1.48×

4.14×

—

1.02×

—

Interest coverage

-6.22×

-6.06×

-3.09×

-2.56×

-3.20×

▼ 25%