Novagold Resources (STU:NGR) 10-Year Share Buyback Ratio : -0.60% (As of Feb. 2025)

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What is Novagold Resources 10-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Novagold Resources's current 10-Year Share Buyback Ratio was -0.60%.

STU:NGR's 10-Year Share Buyback Ratio is ranked better than
93.93% of 1647 companies
in the Metals & Mining industry
Industry Median: -19.5 vs STU:NGR: -0.60

Competitive Comparison of Novagold Resources's 10-Year Share Buyback Ratio

For the Gold subindustry, Novagold Resources's 10-Year Share Buyback Ratio, along with its competitors' market caps and 10-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novagold Resources's 10-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novagold Resources's 10-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Novagold Resources's 10-Year Share Buyback Ratio falls into.

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Novagold Resources 10-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from ten years ago to the current year. The annualized percentage change is calculated with least-square regression based on the eleven years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Novagold Resources (STU:NGR) 10-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Novagold Resources 10-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Novagold Resources's 10-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Novagold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (STU:NGR) » Definitions » 10-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany NG:Canada NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other presious metals.

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