Novo Resources Corp (NVO) fair value: what the stock is really worth
We calculate from audited financials what Novo Resources Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range C$0.0550 – C$1.30 · fair‑value band C$0.0478 – C$0.0861 · the C$0.0750 price screens above the C$0.0606 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, Western Australia.
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Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in West Perth, Australia.
Stock analysis
Novo Resources Corp (NVO) currently trades at C$0.0750, while our model-based Fair Value estimate is C$0.0606, implying the stock looks roughly 23.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: C$0.0478 (bear) to C$0.0861 (bull), the price of C$0.0750 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Novo Resources Corp reported revenue of C$0 in FY2025 versus C$112M in FY2021. Reported net income was −C$22.4M in FY2025.
Key figures
Market cap C$32.7M (≈ $23.3M) · P/S ratio 13.3 · EPS (TTM) C$−0.0600 · Return on equity −35.7% · Return on assets (EBIT) −33.0% · Revenue (TTM) C$2.5M · Revenue growth (YoY) −91.6% · Free cash flow −C$12.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 73% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 37% fair-value upside, at −19%, NVO screens richer than that median.
Fair Value models
Bear C$0.0478Fair Value C$0.0606Bull C$0.0861
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (69 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 243 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Below median
Fair Value upside−21% · Above median
Profitability
Return on assets−20% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−92% · Bottom 25%
Valuation Multiplesvs Gold median · lower = cheaper
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Is Novo Resources Corp (NVO) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of C$0.0606 versus a price of C$0.0750, about −19% upside (overvalued).
What is the fair value of NVO?
Our model-based fair value for Novo Resources Corp is C$0.0606 (as of Sep 13, 2026), built from audited fundamentals. The current price: C$0.0750.
What is the quality score of NVO?
Novo Resources Corp has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Novo Resources Corp (NVO)?
Our model-based price target is the fair value of C$0.0606 (as of Sep 13, 2026) from 1 valuation models. Cautious scenario C$0.0478, optimistic scenario C$0.0861. It is a calculation from audited fundamentals, not an analyst target.
What is the Novo Resources Corp stock forecast for 2026?
Our models put fair value at C$0.0606, about −19% upside versus a price of C$0.0750 (overvalued). Cautious scenario C$0.0478, optimistic scenario C$0.0861. The calculation is refreshed regularly with new filings.
What is the revenue of Novo Resources Corp (NVO)?
Novo Resources Corp reported trailing-twelve-month revenue of about C$2.5M (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Novo Resources Corp (NVO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Novo Resources Corp it is C$0.0606 per share (as of Sep 13, 2026), against a price of C$0.0750. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Novo Resources Corp stock overvalued or undervalued in 2026?
As of Sep 13, 2026, NVO trades above its calculated fair value: price C$0.0750, fair value C$0.0606, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NVO?
No. The price is what the market pays today (C$0.0750); the fair value is what the company's own numbers justify (C$0.0606). For Novo Resources Corp the two are C$0.0144 per share apart. That gap is exactly why we show both numbers side by side.
How much is Novo Resources Corp worth?
The market values Novo Resources Corp at about C$32.7M (market capitalisation, as of Sep 13, 2026). Per share that is C$0.0750; our models calculate a fair value of C$0.0606 per share.
What do the bullish and bearish scenarios say about NVO?
Our models span a range for Novo Resources Corp: cautious scenario C$0.0478, base C$0.0606, optimistic C$0.0861 per share (as of Sep 13, 2026, price C$0.0750). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Novo Resources Corp (NVO)?
Balance-sheet figures for Novo Resources Corp (as of Sep 13, 2026): return on equity −36.0%. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is NVO from its 52-week high?
Novo Resources Corp trades at C$0.0750, about 73% below its 52-week high of C$0.2800 and 15% above the low of C$0.0650 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0606 is for.
Which stocks are comparable to Novo Resources Corp?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Novo Resources Corp stock attractive at the current price?
The data as of Sep 13, 2026: price C$0.0750, calculated fair value C$0.0606 (−19%), Quality Score 33/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NVO calculated?
We run Novo Resources Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0606, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Novo Resources Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Novo Resources Corp (NVO)?
The closing price on Sep 21, 2026 was C$0.0750. Our model-based fair value is C$0.0606, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Novo Resources Corp right now?
Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (C$0.0478 to C$0.0861) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Novo Resources Corp
How large is the market capitalisation of Novo Resources Corp (NVO)?
The market capitalisation of Novo Resources Corp is C$32.7M (≈ $23.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Novo Resources Corp (NVO)?
The price-to-sales ratio of Novo Resources Corp is 13.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Novo Resources Corp (NVO)?
Earnings per share at Novo Resources Corp are C$−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Novo Resources Corp (NVO)?
The return on equity (ROE) of Novo Resources Corp is −35.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Novo Resources Corp (NVO)?
On an EBIT basis the return on assets of Novo Resources Corp is −33.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Novo Resources Corp (NVO)?
Revenue at Novo Resources Corp is growing −91.6% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Novo Resources Corp (NVO) generate?
The free cash flow of Novo Resources Corp is −C$12.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Novo Resources Corp (NVO) hold?
Novo Resources Corp holds more cash than debt, C$7.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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