Why did NG's EPS remain flat throughout 2023?

NovaGold Resources Inc.'s (NG) EPS remained flat throughout 2023 due to a combination of factors:

1. **Financial Performance**: NovaGold Resources Inc. reported a net loss of $9.12 million for the first quarter of 2025, with a diluted EPS of -$0.03. The company's financial performance has not shown significant improvement, which contributes to the flat EPS trend.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|NG|NG.A|NOVAGOLD RESOURCES|2024 Q2|0|-1.37E7|-0.04|170|
|NG|NG.A|NOVAGOLD RESOURCES|2024 Q3||-1.0743E7|-0.03|170|
|NG|NG.A|NOVAGOLD RESOURCES|2024 Q4||-1.086E7||170|
|NG|NG.A|NOVAGOLD RESOURCES|2025 Q1||-9116000|-0.03|170|

2. **Expense Management**: The company has been able to reduce its net loss by managing expenses, particularly stock-based compensation and costs related to the Donlin Gold project. This strategic cost management has helped maintain financial stability but has not led to an increase in EPS.
3. **Institutional Ownership**: NovaGold Resources has a high level of institutional ownership, with the top 5 shareholders owning 51% of the company. This indicates strong institutional confidence, but it does not directly impact EPS.
4. **Market Sentiment**: The company's stock price has experienced a decrease of 8.1%, with an RSI of 14.5, suggesting bearish market sentiment. Low market sentiment can lead to a decline in stock price, which may affect investor perception but does not directly impact EPS.

In conclusion, NovaGold Resources' flat EPS throughout 2023 can be attributed to a combination of financial performance, expense management, institutional ownership, and market sentiment. While these factors contribute to the company's financial outlook, they do not directly lead to an increase in EPS.