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Novagold Resources Inc. (NG) — RQD Stock Rating Cockpit

$5.88 +1.21% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $5.88

Novagold Resources Inc. (NG) carries a Roarable Rating of E (Strong Sell) with 24/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $2.55B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Novagold Resources Inc. (NYSE: NG) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 24/100 at a spot price of $5.88 (+1.21% 1D, market cap $2.55B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 7/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 270 tracked Materials issuers, NG ranks #256 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NG compare to SA and TGB in the Materials sector?
▼

Within the Materials sector (Precious Metals), NG carries a Roarable E (24/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -27.6%. By comparison, SA (Seabridge Gold Inc.) holds a D grade (45/100 RQD, P/E N/A, ROIC —, cap $2.61B) and TGB (Trekor Metals Limited) posts a D grade (47/100 RQD, P/E N/A, ROIC —, cap $2.69B). Among the 5-stock peer group, NG leads on earnings multiple (N/A) while NG leads on capital efficiency (-27.6% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NG?
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Per NG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-11-30, CIK 0001173420), Novagold Resources Inc. generated $132.4M in revenue (+24.9% YoY), -$94.7M in net income, and -$14.0M in free cash flow against $335.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $5.88 (+0.03%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (24/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-10.9% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510024
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E
Cash (5)Whales (4)SEC (7)Macro (5)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-15.3% Base Target
$15 Bull$5 Base$4 Bear
📬 FREE NG RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NG)Realized 20D OHLCV Swing Band: ±10.5%
Deterministic 5-Pillar Attribution (24/100 Composite)
🔍 WHY NG SCORES 24/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+7/20 pts (29% of score)

Altman Z-Score 0.21 (DISTRESS RISK (<1.8)) • Piotroski F-Score 2/9

▲ #2 Bullish Driver: Cash Engine Quality+5/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
32
Grade E$6.63-2.4% Next Q
Q2 (-2Q)
29
Grade E$6.47-2% Next Q
Q3 (-1Q)
27
Grade E$6.34-7.3% Next Q
Current
24
Grade E$5.88-10.9% Hist 90D α
Trajectory: E (32) → E (24)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a NG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While NG currently carries a cautious 24/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Materials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($7.09) and Max Pain ($6.17) forces dealer call-delta covering toward $15.12.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NG• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “NG Beats Next Quarter EPS Consensus (Nov 29, 2026) & Holds Above 200D SMA”
YES 24%NO 76%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
38.330 Oversold · 70 Hot
ALTMAN-Z SHIELDDISTRESS RISK (<1.8)
0.21>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
2 / 99-Pt Accounting
52-WEEK LASER RANGE9% OF RANGE
L: $5$5.88H: $14
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 5 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 7 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: ERQD 12 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on NG

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (25)

-27.6% ROIC with 42.0% gross margin and -0.52% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (35)

Altman-Z 0.21 and Piotroski 2/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (20)

7/40 institutional & smart-money positioning score with 5/20 macro alignment.

Bull Case: Why Buyers Like NG
  • ✓Established market leader in Materials with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NG)

  • ✓Walkthrough of NG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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NG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -26.04%🛡️ HOLDING TREND SUPPORT
2026-11-03O $6.17H $6.17L $5.81C $5.88VOL 4.60M
RES: $10.14SUP: $5.69SMA50: $7.09SMA200: $8.20
$10.23$8.83$7.44$6.04$4.65RES $10.14SUP $5.69$5.882026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NG Butterfly Map → + Track NG →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +24.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on NG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NG)

Materials Rank #256 of 270 ⚔️ SA vs NG Full Matrix →

1. Head-to-Head Materials Peer Comparison (NG vs. SA, TGB, FSM, EXK)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Novagold Resources Inc. (NG) ranks #256 by composite RQD confidence (24/100, grade E) and #101 by equity capitalization ($2.55B). Within this direct 5-issuer industry benchmark cohort, NG leads on earnings valuation at N/A trailing P/E, while NG leads on capital efficiency and profitability with -27.6% ROIC and — gross margin. TGB currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with NG at 24/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
NG ACTIVE
Novagold Resources Inc.
E 24/100 — — -27.6% +1.21% $2.55B Benchmark Subject
SA
Seabridge Gold Inc.
D 45/100 — — — -0.66% $2.61B /sa-vs-ng →
TGB
Trekor Metals Limited
D 47/100 — — — +0.68% $2.69B /tgb-vs-ng →
FSM
Fortuna Mining Corp.
D 46/100 — — — +2.48% $2.70B /fsm-vs-ng →
EXK
Endeavour Silver Corporation (Canada)
D 45/100 — — — +0.28% $2.13B /exk-vs-ng →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-11-30 • CIK 0001173420 ↗

In its most recent audited fiscal period (FY2025, filed 2025-11-30), Novagold Resources Inc. (NG) reported GAAP revenue of $132.4M (+24.9% vs. FY2024 revenue of $106.0M , and +17.3% cumulative change since FY2023) , GAAP net income of -$94.7M, operating cash flow of -$14.0M, and free cash flow of -$14.0M (-11.0% YoY). On the balance sheet, NG closed FY2025 with $335.9M in total assets against $0 in total debt (Altman Z-Score: 0.21, Piotroski F-Score: 2/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-11-30 $132.4M -$94.7M -$14.0M -$14.0M $335.9M —
FY2024 (FY) 2024-11-30 $106.0M -$45.6M -$12.6M -$12.6M $109.8M —
FY2023 (FY) 2023-11-30 $112.9M -$46.8M -$7.8M -$7.8M — —

3. NG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Novagold Resources Inc. (NYSE: NG) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 24/100 at a spot price of $5.88 (+1.21% 1D, market cap $2.55B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 7/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 270 tracked Materials issuers, NG ranks #256 in composite RQD confidence.

How does NG compare to SA and TGB in the Materials sector?

Within the Materials sector (Precious Metals), NG carries a Roarable E (24/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -27.6%. By comparison, SA (Seabridge Gold Inc.) holds a D grade (45/100 RQD, P/E N/A, ROIC —, cap $2.61B) and TGB (Trekor Metals Limited) posts a D grade (47/100 RQD, P/E N/A, ROIC —, cap $2.69B). Among the 5-stock peer group, NG leads on earnings multiple (N/A) while NG leads on capital efficiency (-27.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NG?

Per NG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-11-30, CIK 0001173420), Novagold Resources Inc. generated $132.4M in revenue (+24.9% YoY), -$94.7M in net income, and -$14.0M in free cash flow against $335.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NG trading relative to its 50-day, 200-day, and 52-week technical levels?

NG last traded at $5.88 (+1.21% on volume of 2,999,928 shares), positioning the stock -17.07% below its 50-day simple moving average ($7.09) and -28.29% below its 200-day simple moving average ($8.20). Across its 52-week range of $5.08 to $14.40, NG sits at the 8.6% percentile with a 14-day RSI of 38.3 (NEUTRAL RANGE) and an implied next-earnings move of ±10.5% ($5.26 to $6.50).

Direct Sub-Reports: NG RQD Cockpit NG 12M Forecast NG Earnings & Move NG Dividends & DRIP NG Insiders & 13F NG Whale Options NG Profit Sankey NG News & Why
ROARABLE RATING BRIEF • RQD 24/100 (E) ✓ SEC XBRL & RQD VERIFIED

NG — Novagold Resources Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-11-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

Novagold Resources Inc. (NG) earns a live Roarable RQD composite score of 24/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $5.88 (+1.21% 1D, market capitalization $2.55B).

  • Fundamental Cash Engine (5/20): Anchored by return on invested capital (ROIC) of -27.6%, gross margin of —, operating margin of —, and free cash flow yield of -0.52%.
  • Whale 13F & Options Flow (4/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (5/20) + Forensic Balance Sheet (7/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.21, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

. (NG) is a NYSE-listed issuer in the Materials sector and Precious Metals industry. Reported revenue is — for each period shown, and per the market data, gross, operating, and net margins are each 0%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-11-30), Novagold Resources Inc. (NG) reported $132.4M in annual revenue (up from $106.0M in FY2024, +24.9% YoY) and -$94.7M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($112.9M revenue, -$46.8M net income) through FY2025, NG scaled operating cash flow to -$14.0M and free cash flow to -$14.0M, backed by $335.9M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 24/100): Established market leader in Materials with deep daily trading liquidity. Free cash flow yield of -0.52% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 5/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $5.08 – $14.40 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream or downstream dependencies, sector correlations, or proprietary signal links are recorded. — An investor should note that the absence of mapped links means the source data cannot identify second-order exposures, and that financing access (as referenced in the news headlines) is the only ripple pathway the source data itself hints at.

  • Key Question #1: Can NG sustain or expand its — operating margin and -27.6% ROIC against Precious Metals peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $132.4M and free cash flow of -$14.0M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is NG's equity valuation to Materials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

NG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Novagold Resources Inc. (NG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NG Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NG Bull vs. Bear Conversation Board — What's Your Call at $5.88?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NG 🐻 33% BEARISH CONVICTION
1. Pick Your Side on NG:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
TA TapeReader_Pro RQD DEBATE OPENER • Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $6.86 (+18.1%)
📌 Pinned Debate

Reported cash rose to $110.1M in FY 2025 from $42.2M in FY 2024, and the Roarable RQD rating shows a 0.5 Debt/Equity ratio.

Here is why I am bullish on NG here at $5.81: Reported cash rose to $110.1M in FY 2025 from $42.2M in FY 2024, and the Roarable RQD rating shows a 0.5 Debt/Equity ratio.. Compare NG's 0.0% operating margin and -27.6% ROIC against the rest of Precious Metals. As long as cash conversion holds up, dips toward $5.52 are getting bought.

SectorRotator 🐂 BULL

@TapeReader_Pro Agree on the RQD 24/100 quality, though with 1.0 beta I'm scaling in with half-size at $5.81 and keeping dry powder in case we test $5.40.

ME MeanReversion_88 RQD DEBATE OPENER • Quantitative Statistical Arb 🐻 BEARISH 🎯 Target: $4.65 (-20.0%)
Spot @ $5.81

Reported net losses of -$94.7M in FY 2025, ROIC of -27.6%, and an Altman Z-Score of 0.21 signal negative cash generation and forensic d

I respect the product at Novagold Resources Inc., but the stock at $5.81 is a different story. Reported net losses of -$94.7M in FY 2025, ROIC of -27.6%, and an Altman Z-Score of 0.21 signal negative cash generation and forensic distress.. FCF yield is -0.52% and RQD sits at 24/100 (E) — why pay up here when you can wait for next quarter's numbers?

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