Public Employees Retirement System of Ohio Takes $492,000 Position in Novagold Resources Inc. $NG

Posted by Stanley Muller on Sep 11th, 2026

Public Employees Retirement System of Ohio purchased a new position in Novagold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 82,260 shares of the mining company’s stock, valued at approximately $492,000.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in Novagold Resources by 34,166.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company’s stock valued at $28,000 after buying an additional 3,075 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Novagold Resources during the 2nd quarter valued at $33,000. Leonteq Securities AG acquired a new stake in shares of Novagold Resources during the 4th quarter valued at $38,000. Cubist Systematic Strategies LLC purchased a new position in shares of Novagold Resources during the 1st quarter valued at $44,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Novagold Resources during the 4th quarter valued at $47,000. 57.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NG has been the subject of several recent research reports. B. Riley Financial assumed coverage on Novagold Resources in a report on Monday, August 3rd. They set a “buy” rating and a $9.00 price objective for the company. Morgan Stanley lowered their target price on Novagold Resources from $13.80 to $13.60 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.42.

Read Our Latest Analysis on Novagold Resources

Novagold Resources Stock Performance

NG stock opened at $7.61 on Friday. The firm has a 50 day moving average of $7.12 and a two-hundred day moving average of $8.28. Novagold Resources Inc. has a 12 month low of $5.07 and a 12 month high of $14.40. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -44.76 and a beta of 0.92. The company has a quick ratio of 112.82, a current ratio of 112.82 and a debt-to-equity ratio of 0.41.

Novagold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) last released its quarterly earnings results on Wednesday, July 22nd. The mining company reported ($0.06) earnings per share for the quarter. As a group, equities analysts anticipate that Novagold Resources Inc. will post -0.13 EPS for the current fiscal year.

About Novagold Resources

(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.