Novagold Resources (NYSEAMERICAN:NG) Now Covered by Analysts at Citigroup

Posted by George Bondi on Nov 6th, 2026

Equities researchers at Citigroup initiated coverage on shares of Novagold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) in a research note issued to investors on Friday, Benzinga reports. The firm set a “buy” rating and a $12.50 price target on the mining company’s stock. Citigroup‘s target price would indicate a potential upside of 105.93% from the company’s current price.

A number of other equities analysts also recently issued reports on NG. Morgan Stanley dropped their price objective on shares of Novagold Resources from $13.60 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. B. Riley Financial initiated coverage on shares of Novagold Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.30.

View Our Latest Stock Analysis on NG

Novagold Resources Stock Down 0.5%

Shares of Novagold Resources stock opened at $6.07 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 44.51 and a quick ratio of 44.51. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -28.90 and a beta of 0.97. The firm’s 50-day moving average is $6.94 and its two-hundred day moving average is $8.18. 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 posted its quarterly earnings results on Thursday, October 8th. The mining company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). As a group, research analysts expect that Novagold Resources will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Novagold Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. raised its holdings in Novagold Resources by 9.8% in the third quarter. Almanack Investment Partners LLC. now owns 59,350 shares of the mining company’s stock worth $386,000 after purchasing an additional 5,300 shares in the last quarter. Ethic Inc. purchased a new stake in shares of Novagold Resources during the third quarter valued at about $155,000. Pictet Asset Management Holding SA boosted its holdings in shares of Novagold Resources by 8.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 70,885 shares of the mining company’s stock valued at $463,000 after buying an additional 5,694 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Novagold Resources by 6,221.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,057 shares of the mining company’s stock valued at $33,000 after buying an additional 4,977 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Novagold Resources by 98.1% in the 3rd quarter. Signaturefd LLC now owns 13,440 shares of the mining company’s stock worth $87,000 after buying an additional 6,654 shares during the last quarter. Hedge funds and other institutional investors own 57.56% of the company’s stock.

Novagold Resources Company Profile

(Get Free Report)

NovaGold Resources Inc is a Canadian precious metals exploration and development company focused primarily on advancing large-scale gold projects in North America. The company does not currently operate producing mines; its activities center on exploration, technical studies, permitting, project development and working with partners to advance mineral assets.

NovaGold’s principal asset is the Donlin Gold project in southwest Alaska, one of the largest undeveloped gold deposits in the world.