Novagold Resources Ret. on equity
What is the Ret. on equity of Novagold Resources?
The Ret. on equity of Novagold Resources Inc. is 351.65%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Materials sector on NYSEMKT compared to Novagold Resources
What does Novagold Resources do?
novagold (nyse-american, tsx: ng) is a well-financed precious metals company engaged in the development of mineral properties in north america. the company's flagship asset, the 50%-owned donlin gold project in alaska, is in the final stages of its permitting process. donlin gold is a uniquely attractive asset which, in terms of size, grade, exploration potential, production profile and jurisdictional safety, is regarded to be the most important gold project in the world today. as per the feasibility study, donlin gold is expected to produce greater than 1m ounces annually over a 27-year mine life. novagold also owns 50% of the galore creek copper-gold-silver project located in northern british columbia. according to the pre-feasibility study, galore creek is expected to be the largest copper mine in canada and in the top 5% of known gold deposits. the company is currently evaluating opportunities to sell all or a portion of its interest in galore creek and will apply the proceeds towa
Companies with ret. on equity similar to Novagold Resources
- Save Foods has Ret. on equity of 346.03%
- Save Foods has Ret. on equity of 346.03%
- Save Foods has Ret. on equity of 346.03%
- Greenrose Acquisition has Ret. on equity of 346.23%
- Christopher & Banks has Ret. on equity of 348.46%
- Killi has Ret. on equity of 349.07%
- Novagold Resources has Ret. on equity of 351.65%
- Rhinomed has Ret. on equity of 352.26%
- Loop Media has Ret. on equity of 353.41%
- A.M. Castle & Co has Ret. on equity of 354.79%
- DGTL has Ret. on equity of 355.62%
- Plurilock Securityinc has Ret. on equity of 356.91%
- Canadian Premium Sand has Ret. on equity of 357.62%