NGNOVAGOLD RESOURCES INC
Gold And Silver Ores · $2.4B market cap
0.5×
Less likely than average to be taken private
Top 34% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
4of 15 firedHow well they predict deals →
- Shareholder dissentYes72% lowest supportAny vote under 80% support
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Buyout-sizedYes$2.4B market capMarket cap $500M–$5B
- Active 13DYes1 filingActive-intent 13D in 18 months
11 other checks
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Net cashNo—More cash than debt, positive EBITDA
- Recurring revenueNo0 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo0 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Net insider sellingNo$238K netNet sales over $10M in 12 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Oct 5, 2026 | DEFM14A | Paulson Advisers LLC | $1.00 | 0% |
| Sep 11, 2026 | PREM14A | Paulson Advisers LLC | $46.41 | 65% |
Key numbers
- Revenue
- $0
- Operating margin
- —
- EBITDA
- −$47M
- 25% YoY
- Net debt / EBITDA
- —
- −$131M net debt
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $0 | — | — | $0 | $0 | |
| Operating income | −$37M | −$48M | −$40M | −$38M | −$47M | 25% |
| Net income | −$41M | −$53M | −$47M | −$46M | −$95M | 107% |
| Operating cash flow | −$10M | −$12M | −$8M | −$13M | −$14M | 11% |
| Stock-based comp | $8M | $8M | $9M | $7M | $7M | 7.5% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jul 23, 2026 | Electrum Strategic Resources L.P. | SCHEDULE 13D/A | 23.9% | Active |
| May 9, 2025 | Electrum Strategic Resources L.P. | SCHEDULE 13D/A | 25.8% | Passive |
| Apr 23, 2025 | Electrum Strategic Resources L.P. | SCHEDULE 13D/A | 26.8% | Passive |
| Jul 3, 2023 | Electrum Strategic Resources L.P. | SC 13D/A | 25.5% | Passive |
Insider trading
+$238Knet buying by insiders, open market, last 12 months
Bought $238K · 2 tradesSold $115 · 1 trade
Pay vs performance
No pay-versus-performance disclosure yet.