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Owns half of the Donlin Gold project in Alaska, a giant undeveloped gold deposit jointly held with Barrick.
Owns half of the Donlin Gold project in Alaska, a giant undeveloped gold deposit jointly held with Barrick.
Earns nothing from mining, so work is paid for by selling shares and by contributions from its equal partner; value depends on a construction decision. The deposit lies on land owned by Alaska Native corporations, which lease the rights to the venture.
Moat: narrow (scale). Co-owns one of the world's largest undeveloped gold deposits, a scarce strategic asset.
Headquarters: Vancouver, Canada · Founded: 1984 · Employees: 12
Size Novagold Resources (NG) is a United States Materials company (Precious Metals) with a market value of $2.81B, the 1589th largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.40 on 6 Nov 2026.
Performance Over six months the shares fell 26.9%, against -16.0% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Valuation It trades at 6.72× book value against a peer median of 3.12× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 48.1%; Novagold Resources delivers -32.8%, so the price asks more than the business earns today.
Short interest Short interest is 5.4% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -$22,000 | -$22,000 | -$22,000 | -$10,000 | -$7,000 |
| EBITDA | -$38.1M | -$25.4M | -$24.9M | -$21.8M | -$20.1M |
| Net income | -$92.6M | -$94.7M | -$45.6M | -$46.8M | -$53.3M |
| Free cash flow | -$20.6M | -$14.0M | -$12.6M | -$7.79M | -$12.4M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $178M | $167M | $152M | $124M | $52.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Novagold Resources NG | $2.81B | -27% | n/a | -33% | 6.72× | 48.1% |
| Barrick Mining ABX.TO | $67.2B | 0% | +49% | 25% | 2.43× | 18.8% |
| Fortuna Mining FVI.TO | $2.87B | -5% | +6% | 23% | 1.61× | 21.1% |
| Silver Tiger Metals SLVR.TO | $344M | -12% | n/a | -4% | 1.97× | 28.7% |
| Perpetua Resources PPTA | $2.44B | -35% | n/a | -38% | 3.39× | 14.4% |
| Contango Silver & Gold CTGO | $520M | -43% | n/a | -24% | 1.52× | 8.1% |
| Skeena Resources SKE.TO | $3.90B | +6% | n/a | -175% | 31.93× | 388.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.9% | -4.3% | 4th highest of 21 |
| 6-month return | -26.9% | -16.0% | 5th lowest of 21 |
| Return on equity | -32.8% | 21.9% | 2nd lowest of 21 |
| Price / book | 6.72× | 3.12× | 3rd most expensive of 21 |
| ROE the price implies | 48.1% | 24.4% | 3rd most demanding of 21 |
| ROE delivered | -32.8% | 23.0% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Novagold Resources NG | United States | $2.81B | -27% | n/a | -33% | 6.72× | 48.1% | -32.8% |
| Seabridge Gold SEA.TO | Canada | $2.87B | -8% | n/a | 3% | 3.63× | 38.3% | 3.3% |
| Fortuna Mining FVI.TO | Canada | $2.87B | -5% | +6% | 23% | 1.61× | 21.1% | 23.0% |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 38% | 2.01× | 19.3% | 37.6% |
| Wesdome Gold Mines WDO.TO | Canada | $2.92B | +6% | +49% | 47% | 4.03× | 21.9% | 47.4% |
| Lingbao Gold 3330.HK | Hong Kong | $2.94B | -28% | -10% | 30% | 2.55× | 16.8% | 30.4% |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 33% | 4.79× | 35.9% | 33.1% |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -7% | 2.71× | 19.2% | -7.4% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 33% | 7.70× | 79.2% | 33.2% |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | -38% | 3.39× | 14.4% | -37.8% |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 9% | 1.16× | 11.1% | 8.6% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | -14% | 5.77× | 31.4% | -14.0% |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 21% | 1.81× | 23.3% | 20.8% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | 10% | 4.27× | 39.7% | n/a |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 37% | 3.48× | 25.6% | 37.4% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 10% | 3.24× | 44.6% | 10.4% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 38% | 2.30× | 25.4% | 37.7% |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 20% | 2.21× | 17.1% | 20.4% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 25% | 7.41× | 68.5% | 25.4% |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 45% | 3.00× | 26.4% | 45.0% |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 8% | 1.49× | 15.8% | 8.0% |