NovaGold Resources Inc.

NovaGold Resources Inc.verified

NG

Price:

$3.69

Market Cap:

$1.23B

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2003-12-04

Stock Exchange

AMEX

Ticker

NG

The ROE as of September 2024 (TTM) for NovaGold Resources Inc. (NG) is 351.00%

According to NovaGold Resources Inc.’s latest financial reports and current stock price. The company's current ROE is 351.00%. This represents a change of -105.24% compared to the average of -6692.42% of the last 4 quarters.

NovaGold Resources Inc. (NG) Historical ROE (quarterly & annually)

How has NG ROE performed in the past?

The mean historical ROE of NovaGold Resources Inc. over the last ten years is 17.13%. The current 351.00% ROE has changed 1.95% with respect to the historical average. Over the past ten years (40 quarters), NG's ROE was at its highest in in the November 2023 quarter at 126.73%. The ROE was at its lowest in in the August 2023 quarter at -27009.76%.

Quarterly (TTM)
Annual

Average

17.13%

Median

-16.93%

Minimum

-178.39%

Maximum

566.74%

NovaGold Resources Inc. (NG) ROE by Quarter and Year

Discovering the peaks and valleys of NovaGold Resources Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 410.87%

Maximum Annual ROE = 566.74%

Minimum Annual Increase = -417.70%

Minimum Annual ROE = -178.39%

Quarterly (TTM)
Annual
YearROEChange
2023566.74%-417.70%
2022-178.39%244.50%
2021-51.78%70.83%
2020-30.31%50.63%
2019-20.12%-71.32%
2018-70.18%410.87%
2017-13.74%21.86%
2016-11.27%16.17%
2015-9.70%-2.90%
2014-9.99%-25.86%

NovaGold Resources Inc. (NG) Average ROE

How has NG ROE performed in the past?

The current ROE of NovaGold Resources Inc. (NG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

112.19%

5-year avg

57.23%

10-year avg

17.13%

NovaGold Resources Inc. (NG) ROE vs. Peers

How is NG’s ROE compared to its peers?

NovaGold Resources Inc.’s ROE is greater than Seabridge Gold Inc. (1.26%), less than Eldorado Gold Corporation (4.90%), greater than New Gold Inc. (-2.51%), less than IAMGOLD Corporation (5.53%), greater than Agnico Eagle Mines Limited (3.07%),

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