Novagold Resources Inc. (NYSEAMERICAN:NG) Receives $12.42 Consensus PT from Analysts

Posted by on Aug 13th, 2026

Novagold Resources Inc. (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) has received a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.42.

Several equities research analysts recently weighed in on the stock. Scotiabank raised shares of Novagold Resources to a “strong-buy” rating in a report on Wednesday, May 6th. B. Riley Financial assumed coverage on shares of Novagold Resources in a research note on Monday, August 3rd. They set a “buy” rating and a $9.00 target price on the stock. Finally, Morgan Stanley dropped their price target on shares of Novagold Resources from $13.80 to $13.60 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th.

Read Our Latest Stock Report on NG

Institutional Investors Weigh In On Novagold Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in Novagold Resources by 2.7% during the 4th quarter. Cetera Investment Advisers now owns 46,209 shares of the mining company’s stock valued at $431,000 after purchasing an additional 1,235 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Novagold Resources by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 73,524 shares of the mining company’s stock worth $652,000 after buying an additional 1,299 shares in the last quarter. Sprott Inc. raised its stake in shares of Novagold Resources by 12.7% in the 4th quarter. Sprott Inc. now owns 12,430 shares of the mining company’s stock worth $116,000 after buying an additional 1,400 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of Novagold Resources by 9.5% in the second quarter. Cooper Financial Group now owns 29,933 shares of the mining company’s stock valued at $179,000 after buying an additional 2,594 shares during the period. Finally, Investment Management Corp of Ontario lifted its holdings in shares of Novagold Resources by 18.6% in the second quarter. Investment Management Corp of Ontario now owns 18,489 shares of the mining company’s stock valued at $76,000 after buying an additional 2,900 shares during the period. Institutional investors own 57.56% of the company’s stock.

Novagold Resources Stock Up 2.5%

Shares of Novagold Resources stock opened at $7.87 on Thursday. The business’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $8.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 112.82 and a quick ratio of 112.82. The company has a market capitalization of $3.45 billion, a P/E ratio of -46.29 and a beta of 0.85. Novagold Resources has a 1-year low of $5.07 and a 1-year high of $14.40.

Novagold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) last announced its quarterly earnings results on Wednesday, July 22nd. The mining company reported ($0.06) earnings per share (EPS) for the quarter. As a group, research analysts forecast that Novagold Resources will post -0.16 EPS for the current year.

Novagold Resources Company Profile

(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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