Brokerages Set Novagold Resources Inc. (NYSEAMERICAN:NG) Target Price at $13.26

Posted by on Jun 24th, 2026

Shares of Novagold Resources Inc. (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.26.

Several research analysts have recently issued reports on NG shares. Zacks Research raised shares of Novagold Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada reduced their target price on shares of Novagold Resources from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Canaccord Genuity Group started coverage on shares of Novagold Resources in a research note on Friday, March 27th. They issued a “speculative buy” rating and a $13.00 target price on the stock. Scotiabank raised shares of Novagold Resources to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley started coverage on shares of Novagold Resources in a research note on Thursday, April 9th. They issued an “overweight” rating and a $13.80 target price on the stock.

Get Our Latest Stock Analysis on NG

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in Novagold Resources by 29.2% during the 3rd quarter. Van ECK Associates Corp now owns 8,159,352 shares of the mining company’s stock worth $71,802,000 after acquiring an additional 1,842,582 shares during the last quarter. Vanguard Group Inc. boosted its stake in Novagold Resources by 23.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,587,516 shares of the mining company’s stock worth $128,840,000 after acquiring an additional 2,815,780 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in Novagold Resources by 89.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,080,198 shares of the mining company’s stock worth $9,506,000 after acquiring an additional 510,253 shares during the last quarter. Capital World Investors boosted its stake in Novagold Resources by 12.8% during the 3rd quarter. Capital World Investors now owns 17,666,000 shares of the mining company’s stock worth $155,461,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Novagold Resources by 8.3% during the 3rd quarter. TD Asset Management Inc now owns 905,975 shares of the mining company’s stock worth $8,009,000 after acquiring an additional 69,249 shares during the last quarter. Institutional investors own 57.56% of the company’s stock.

Novagold Resources Stock Down 4.5%

Shares of NYSEAMERICAN NG opened at $7.22 on Wednesday. The firm has a market capitalization of $3.17 billion, a PE ratio of -27.77 and a beta of 0.77. The company has a current ratio of 88.72, a quick ratio of 88.72 and a debt-to-equity ratio of 0.38. Novagold Resources has a 1 year low of $3.61 and a 1 year high of $14.40. The firm’s 50-day moving average is $8.41 and its 200-day moving average is $9.48.

About Novagold Resources

(Get Free Report)

Novagold Resources Inc is a mineral exploration and development company headquartered in Vancouver, British Columbia. The firm is focused on advancing large-scale precious metals projects through disciplined project management, environmental stewardship and community engagement. Novagold maintains a lean corporate structure while leveraging partnerships and industry expertise to advance its projects toward production.

The company’s flagship asset is the Donlin Gold project in Alaska, a 50/50 joint venture with Barrick Gold Corporation.

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Analyst Recommendations for Novagold Resources (NYSEAMERICAN:NG)

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