NOVAGOLD RESOURCES INC
NG · Gold and Silver Ores · 438.8M shares · EDGAR filings ↗
Reference price $8.94 · est. market cap ~$3.9B — last insider purchase, 2026-02-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Well-capitalized but pre-revenue gold developer advancing the flagship Donlin project, with persistent losses inherent to its stage.
Strengths
- Strong treasury: $114.5M cash (77th pct) and current ratio 23.8 after a $260M raise to lift its Donlin stake to 60%
- Tier-one development asset benefiting from record gold prices (>$4,000/oz)
Risks
- No revenue and negative returns (ROA -28%, ROE -58%); value hinges on a binary permitting/construction outcome
- Donlin remains years from a construction decision with large funding and execution risk
Notable findings
- RestatementAmended and Restated Limited Liability Company Agreement for Donlin Gold LLC In connection with the closing of the Donlin Gold Transaction, NGRA, Donlin Holdings and Donlin Gold entered into an ame 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $115M cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$238,322, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-57.8%
Return on assets
-28.2%
Current ratio
23.8×
Tangible book value
$164M
Cash & investments
$115M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Erfan Ali | Grant | 1.3K | — |
| 2026-06-01 | KYLE HUME D. | Grant | 1.3K | — |
| 2026-06-01 | MADHAVPEDDI KALIDAS V | Grant | 651 | — |
| 2026-06-01 | Muniz Quintanilla Daniel | Grant | 1.3K | — |
| 2026-06-01 | Schutt Ethan | Grant | 651 | — |
| 2026-06-01 | MCARTHUR C. KEVIN | Grant | 651 | — |
| 2026-06-01 | Whittaker Dawn Patricia | Grant | 1.3K | — |
| 2026-06-01 | Dorward-King Elaine J | Grant | 1.3K | — |
| 2026-03-31 | Lang Gregory A. | Grant | 1.6K | $10.24 |
| 2026-03-31 | ADAMEK PETER | Grant | 755 | $10.24 |
| 2026-03-31 | WILLIAMS RICHARD ALAN | Grant | 839 | $10.24 |
| 2026-03-02 | Muniz Quintanilla Daniel | Grant | 865 | — |
| 2026-03-02 | MADHAVPEDDI KALIDAS V | Grant | 432 | — |
| 2026-03-02 | Erfan Ali | Grant | 432 | — |
| 2026-03-02 | Dorward-King Elaine J | Grant | 865 | — |
| 2026-03-02 | MCARTHUR C. KEVIN | Grant | 432 | — |
| 2026-03-02 | Schutt Ethan | Grant | 432 | — |
| 2026-03-02 | Whittaker Dawn Patricia | Grant | 865 | — |
| 2026-03-02 | KYLE HUME D. | Grant | 432 | — |
| 2026-02-06 | Muniz Quintanilla Daniel | Buy | 22K | $8.94 |
| 2026-02-04 | Whittaker Dawn Patricia | Buy | 4.0K | $9.36 |
| 2026-01-27 | Dorward-King Elaine J | Option exercise | 35K | $9.96 |
| 2026-01-27 | Dorward-King Elaine J | Tax withheld | 33K | $10.53 |
| 2026-01-27 | Dorward-King Elaine J | Sell | 11 | $10.41 |
| 2025-12-31 | WILLIAMS RICHARD ALAN | Grant | 905 | $9.27 |
| 2025-12-31 | Lang Gregory A. | Grant | 1.8K | $9.27 |
| 2025-12-31 | ADAMEK PETER | Grant | 833 | $9.27 |
| 2025-12-01 | Dorward-King Elaine J | Grant | 1.2K | — |
| 2025-12-01 | Erfan Ali | Grant | 593 | — |
| 2025-12-01 | KYLE HUME D. | Grant | 593 | — |
| 2025-12-01 | MADHAVPEDDI KALIDAS V | Grant | 593 | — |
| 2025-12-01 | MCARTHUR C. KEVIN | Grant | 593 | — |
| 2025-12-01 | Muniz Quintanilla Daniel | Grant | 1.2K | — |
| 2025-12-01 | Schutt Ethan | Grant | 593 | — |
| 2025-12-01 | Whittaker Dawn Patricia | Grant | 1.2K | — |
| 2025-09-30 | ADAMEK PETER | Grant | 1.4K | $5.66 |
| 2025-09-30 | Lang Gregory A. | Grant | 2.9K | $5.66 |
| 2025-09-30 | WILLIAMS RICHARD ALAN | Grant | 1.5K | $5.66 |
| 2025-09-01 | Dorward-King Elaine J | Grant | 1.6K | — |
| 2025-09-01 | Erfan Ali | Grant | 370 | — |
| 2025-09-01 | KYLE HUME D. | Grant | 811 | — |
| 2025-09-01 | MCARTHUR C. KEVIN | Grant | 811 | — |
| 2025-09-01 | Muniz Quintanilla Daniel | Grant | 1.6K | — |
| 2025-09-01 | Schutt Ethan | Grant | 811 | — |
| 2025-09-01 | Whittaker Dawn Patricia | Grant | 1.6K | — |
| 2025-09-01 | MADHAVPEDDI KALIDAS V | Grant | 811 | — |
| 2025-07-28 | Schutt Ethan | Buy | 3.8K | $5.23 |
| 2025-06-30 | KYLE HUME D. | Buy | 10K | $4.10 |
| 2025-06-30 | ADAMEK PETER | Grant | 2.2K | $3.53 |
| 2025-06-30 | WILLIAMS RICHARD ALAN | Grant | 2.4K | $3.53 |
| 2025-06-30 | Lang Gregory A. | Grant | 4.7K | $3.53 |
| 2025-06-01 | MCARTHUR C. KEVIN | Grant | 1.5K | — |
| 2025-06-01 | Dorward-King Elaine J | Grant | 3.0K | — |
| 2025-06-01 | GARRETT DIANE R | Grant | 1.5K | — |
| 2025-06-01 | KYLE HUME D. | Grant | 1.5K | — |
| 2025-06-01 | Muniz Quintanilla Daniel | Grant | 3.0K | — |
| 2025-06-01 | Schutt Ethan | Grant | 1.5K | — |
| 2025-06-01 | Whittaker Dawn Patricia | Grant | 3.0K | — |
| 2025-06-01 | MADHAVPEDDI KALIDAS V | Grant | 1.5K | — |
| 2025-05-09 | Electrum Strategic Resources L.P. | Buy | 13.3M | $3.75 |
| 2025-03-31 | Lang Gregory A. | Grant | 5.1K | $3.25 |
| 2025-03-31 | ADAMEK PETER | Grant | 2.4K | $3.25 |
| 2025-03-31 | WILLIAMS RICHARD ALAN | Grant | 2.6K | $3.25 |
| 2025-03-01 | Dorward-King Elaine J | Grant | 3.6K | — |
| 2025-03-01 | GARRETT DIANE R | Grant | 1.8K | — |
| 2025-03-01 | KYLE HUME D. | Grant | 1.8K | — |
| 2025-03-01 | MADHAVPEDDI KALIDAS V | Grant | 1.8K | — |
| 2025-03-01 | MCARTHUR C. KEVIN | Grant | 1.8K | — |
| 2025-03-01 | Muniz Quintanilla Daniel | Grant | 3.6K | — |
| 2025-03-01 | Schutt Ethan | Grant | 1.8K | — |
| 2025-03-01 | Whittaker Dawn Patricia | Grant | 3.6K | — |
| 2024-12-31 | Lang Gregory A. | Grant | 4.5K | $3.58 |
| 2024-12-31 | ADAMEK PETER | Grant | 2.1K | $3.58 |
| 2024-12-31 | WILLIAMS RICHARD ALAN | Grant | 2.3K | $3.58 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | ResultsExhibits | filing ↗ |
| 2026-05-19 | Exec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2026-05-14 | Reg FDExhibits | filing ↗ |
| 2026-05-13 | Reg FDExhibits | filing ↗ |
| 2026-05-01 | Reg FDExhibits | filing ↗ |
| 2026-04-01 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-12 | Reg FDExhibits | filing ↗ |
| 2026-02-09 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0001171843-26-004278 ↗ |
| 10-Q | 2026-06-24 | 2026-05-31 | 0001171843-26-004279 ↗ |
| 8-K | 2026-05-19 | 2026-05-14 | 0001171843-26-003546 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001171843-26-003426 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001171843-26-003350 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001171843-26-002937 ↗ |
| 10-Q | 2026-04-01 | 2026-02-28 | 0001171843-26-002142 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0001171843-26-002143 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001171843-26-001530 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001171843-26-000694 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001171843-26-000655 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001171843-26-000375 ↗ |