What is the 13F Pro Quality Score for NG?

13F Pro ranks NOVAGOLD RESOURCES INC (NG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NG's current score at https://13fpro.ai/research/NG (free sign-up required for the full ranking).

Which hedge funds own the most NG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NG include Electrum Group, Lingotto Investment Management LLP, PAULSON & CO.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/NG as soon as new 13F filings post.

Where does 13F Pro source NG data?

All NOVAGOLD RESOURCES INC fundamentals and ownership data come directly from SEC EDGAR. NOVAGOLD RESOURCES INC files with the SEC under CIK 1173420. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NG in?

NOVAGOLD RESOURCES INC (NG) is classified in the Materials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/materials.

How often is NG research updated on 13F Pro?

NG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NOVAGOLD RESOURCES INC(NG)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

NG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NOVAGOLD RESOURCES INC (NG), a Materials sector company. NG is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q2 2026), NOVAGOLD RESOURCES INC reports net income of $-25.5M, free cash flow of $-6.4M. Top institutional holders of NG by reported 13-F value include Electrum Group, Lingotto Investment Management LLP, PAULSON & CO., based on the most recent SEC filings. NG trades on the NYSE exchange and files with the SEC under CIK 1173420. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NOVAGOLD RESOURCES INC directly from SEC EDGAR.

Net Income

Q2 2026

$-25.5M

Free Cash Flow

Q2 2026

$-6.4M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

$0.00FY 2025

FY22 —FY23 —FY24 $0.00FY25 $0.00

Net Income

-107.5% YoY

$-94.7MFY 2025

FY22 $-53.3MFY23 $-46.8MFY24 $-45.6MFY25 $-94.7M

Operating Income

-24.9% YoY

$-47.3MFY 2025

FY22 $-48.3MFY23 $-40.3MFY24 $-37.9MFY25 $-47.3M

Total Assets

+206.1% YoY

$335.9MFY 2025

FY22 $159.2MFY23 $133.3MFY24 $109.8MFY25 $335.9M

Op. Cash Flow

-11.0% YoY

$-14.0MFY 2025

FY22 $-12.4MFY23 $-7.8MFY24 $-12.6MFY25 $-14.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019
Revenue	$0.00	$0.00	—	—	$0.00	$0.00
Net Income	$-94.7M -107.5%	$-45.6M +2.5%	$-46.8M +12.3%	$-53.3M -31.6%	$-40.5M -46.0%	$-27.8M
Operating Income	$-47.3M -24.9%	$-37.9M +6.1%	$-40.3M +16.5%	$-48.3M -31.0%	$-36.8M -37.4%	$-26.8M
Total Assets	$335.9M +206.1%	$109.8M -17.7%	$133.3M -16.3%	$159.2M -19.9%	$198.9M -19.1%	$245.8M
Operating Cash Flow	$-14.0M -11.0%	$-12.6M -62.4%	$-7.8M +37.1%	$-12.4M -25.4%	$-9.9M -61.0%	$-6.1M

AI Insight: NG Financial Trends

Pre-revenue explorer burning cash with volatile equity swings; Q2 2026 marks steepest quarterly operating loss since Q2 2025.

• Operating losses widened to $26M in Q2 2026 from $15M in Q1 2026; operating cash burn intensified.

• Equity swung from negative $56M (Q1 2025) to positive $421M (Q2 2026), likely from financing or revaluation events.

• No revenue reported across all eight quarters; company remains in development/exploration phase.

⚠ Net loss deteriorated to $25M in Q2 2026 from $15M in prior quarter; cash burn accelerating despite equity funding.

⚠ Operating cash outflow widened to $6M in Q2 2026 after improvement to $1M in Q3 2025; sustainability unclear.

AI Insight: NG Ratio Trends

Pre-revenue explorer showing narrowing losses but still deeply negative ROIC and ROA across all periods.

• ROA improved from -65.9% in Q2 2025 to -17.0% in Q2 2026, a 48.9pp swing toward break-even.

• ROIC contracted from -13.4% in Q1 2026 to -24.5% in Q2 2026, reversing recent stabilization trend.

• TTM ROE of -17.2% and ROA of -12.1% reflect persistent cash burn with no operating revenue.

⚠ ROIC deteriorated 11.1pp Q1-to-Q2 2026 despite ROA improvement—signals timing or capital allocation pressure.

⚠ All quarterly returns remain deeply negative; funding runway and path to first production critical unknowns.

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Available Research

13F Pro tracks comprehensive data for NOVAGOLD RESOURCES INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NG

Electrum Group LLC
$834.3M92,902,813 sh
Lingotto Investment Management LLP
$330.8M36,842,013 sh
PAULSON & CO. INC.
$244.6M27,238,061 sh
FMR LLC
$199.0M22,132,458 sh
BlackRock, Inc.
$156.0M17,370,741 sh
Capital World Investors
$110.8M12,333,000 sh
D. E. Shaw & Co., Inc.
$85.7M9,534,617 sh
First Eagle Investment Management, LLC
$82.4M9,172,929 sh
Kopernik Global Investors, LLC
$58.5M6,511,729 sh
PRINCIPAL FINANCIAL GROUP INC
$51.4M5,722,006 sh

Fund	Value	Shares
Electrum Group LLC	$834.3M	92,902,813
Lingotto Investment Management LLP	$330.8M	36,842,013
PAULSON & CO. INC.	$244.6M	27,238,061
FMR LLC	$199.0M	22,132,458
BlackRock, Inc.	$156.0M	17,370,741
Capital World Investors	$110.8M	12,333,000
D. E. Shaw & Co., Inc.	$85.7M	9,534,617
First Eagle Investment Management, LLC	$82.4M	9,172,929
Kopernik Global Investors, LLC	$58.5M	6,511,729
PRINCIPAL FINANCIAL GROUP INC	$51.4M	5,722,006

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Is NG a good stock to buy?

13F Pro's AI-powered analysis of NOVAGOLD RESOURCES INC (NG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NG are available on the NG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NOVAGOLD RESOURCES INC's investment landscape.