IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
© 2026 Blank Capital Research. All rights reserved. System Version: Aegis V8 (God Mode).
Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3293
Positioning
Market Dominance
Mining
Precious Metals
$2.8B
Gregory A. Lang
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. The company was formerly known as NovaCan Mining Resources (1985) Limited.
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$VALE Vale S.A. | 75 | 88 | 93 | 67 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$SU SUNCOR ENERGY INC | 74 | 87 | 90 | 53 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TRX TRX GOLD Corp | 72 | 83 | 77 | 96 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ORLA Orla Mining Ltd. | 72 | 94 | 83 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$KGC KINROSS GOLD CORP | 71 | 83 | 89 | 79 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AEM AGNICO EAGLE MINES LTD | 71 | 80 | 80 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$RIO RIO TINTO PLC | 70 | 76 | 84 | 64 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$IAG IAMGOLD CORP | 70 | 71 | 82 | 89 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NGD New Gold Inc. /FI | 70 | 76 | 67 | 92 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PDS PRECISION DRILLING Corp | 70 | 77 | 90 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NG NOVAGOLD RESOURCES INC | 42 | 19 | 35 | 76 | - | - | -54.8% | -26.7% | - | - | - | - | 0.0% | 105.0x | $2.8B | ||
| SECTOR BENCH | - | - | - | - | - | 13.7x | 5.2x | 4.3% | 3.9% | 45.8% | 7.6% | 5.8% | 0.1% | 0.0% | 0.3x | - | REF |
NOVAGOLD RESOURCES INC (NG) receives a "Reduce" rating with a composite score of 41.9/100. It ranks #3293 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
Sign in to join the discussion.
Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Relative valuation derived from Mining sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for NG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 19 | 6 | +13ALPHA |
| MOMENTUM | 76 | 83 | -7DRAG |
| VALUATION | 35 | 33 | +2NEUTRAL |
| INVESTMENT | 25 | 12 | +13ALPHA |
| STABILITY | 25 | 15 | +10ALPHA |
| SHORT INT | 39 | 31 | +8ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -66.5% vs WACC 9.7% (spread -76.2%)
GM N/A vs sector 46%, OM N/A vs sector 8%
Capital turnover 0.00x
Rev growth N/A, 10yr history
Interest coverage -3.2x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate NOVAGOLD RESOURCES INC (NG) as a Reduce with a composite score of 41.9/100 at a current price of $11.59. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
NOVAGOLD RESOURCES INC holds a top-quartile position (#0 of 50) within the Mining sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 41.9/100 places it at rank #3293 in our full universe.
No Moat
High
Poor
Fair Value
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Leverage of 105% D/E amplifies downside risk.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
NOVAGOLD RESOURCES INC represents a reduce based on multi-factor quantitative performance.
NOVAGOLD RESOURCES INC receives a Reduce rating from our analysis, with a composite score of 41.9/100 and 2 out of 5 stars, ranking #3293 out of 7,333 stocks. NG's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
NOVAGOLD RESOURCES INC registers a weak quality score of just 19/100, indicating significant profitability challenges. The company reports a return on equity of -54.8% (sector avg: 4.3%). Low quality scores are often associated with businesses in turnaround mode, early-stage growth, or structurally challenged industries.
With a value score of 35/100, NG appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/B ratio of 28.80x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
NOVAGOLD RESOURCES INC's investment score of 25/100 suggests limited reinvestment activity. Key growth metrics include a return on assets of -26.7% (sector: 3.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
NG shows strong momentum characteristics with a score of 76/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth data is not currently available, while a beta of 1.14 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
NG's stability score of 25/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.14 and a debt-to-equity ratio of 105.00x (sector avg: 0.3x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
NOVAGOLD RESOURCES INC's short interest score of 39/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 105.00x). At $2.8B (mid-cap), NG carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
NOVAGOLD RESOURCES INC is a mid-cap company in the Mining sector, ranked #0 of 50 in its sector (100th percentile) and #3293 of 7,333 overall (55th percentile). Key comparisons include ROE of -54.8% trailing the 4.3% sector median. This top-quartile standing reflects exceptional competitive strength relative to Mining peers.
While NG currently exhibits a REDUCE profile, superior opportunities exist within the MINING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Mining Alpha →Quant Factor Profile
Upgrade catalyst
Improvement in Quality (19) would have the largest impact on the composite score.
ROE 1375% BELOW SECTOR MEDIAN
Debt/Equity 33771% ABOVE SECTOR MEDIAN
Div. Yield NaN% BELOW SECTOR MEDIAN
Federal Reserve Chair Jerome Powell's comments about potential rate cuts have excited gold investors, with the metal staying strong above $3,300. The combination of potential easier monetary policy and geopolitical tensions is creating favorable conditions for gold mining stocks.
The chairman of NovaGold Resources is seeking financing for the Donlin gold project in Alaska in tandem with a feasibility study.
NOVAGOLD will release its 2025 second quarter report on June 25, 2025, followed by a conference call and video webcast to discuss the results and provide updates on the company's recent transaction and ongoing activities.
Analysts predict gold prices could reach $4,000 per ounce by 2025-2026, and the article discusses three investment options with varying risk levels to capitalize on this potential gold rally.
Billionaire investor John Paulson and NovaGold Resources have agreed to purchase a $1 billion stake in the Donlin Gold project in Alaska, as gold prices reach record highs.
Above 50MA
37.18%
Net New Highs
+51081