Representative Lisa C. McClain (Republican-Michigan) recently bought shares of Novagold Resources Inc. (NYSEAMERICAN:NG). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Novagold Resources stock on September 14th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.
Representative Lisa C. McClain also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
- Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
- Sold $15,001 – $50,000 in shares of Seagate Technology (NASDAQ:STX) on 9/30/2026.
- Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
- Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
- Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
- Purchased $15,001 – $50,000 in shares of Transocean (NYSE:RIG) on 9/14/2026.
- Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.
Novagold Resources Stock Down 5.1%
Shares of NG traded down $0.34 during mid-day trading on Wednesday, hitting $6.29. 1,685,021 shares of the company’s stock were exchanged, compared to its average volume of 4,357,519. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -29.93 and a beta of 0.95. The firm has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.64. The company has a quick ratio of 44.51, a current ratio of 44.51 and a debt-to-equity ratio of 0.46. Novagold Resources Inc. has a twelve month low of $5.07 and a twelve month high of $14.40.
Analysts Set New Price Targets
A number of research analysts recently issued reports on NG shares. Morgan Stanley lowered their target price 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 started coverage on shares of Novagold Resources in a research report on Monday, August 3rd. They set a “buy” rating and a $9.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Novagold Resources currently has an average rating of “Buy” and an average price target of $12.30.
View Our Latest Report on Novagold Resources
Institutional Investors Weigh In On Novagold Resources
Institutional investors and hedge funds have recently bought and sold shares of the business. Mirador Capital Partners LP acquired a new position in Novagold Resources in the third quarter worth about $1,231,000. GAMMA Investing LLC lifted its position in shares of Novagold Resources by 179.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,375 shares of the mining company’s stock worth $28,000 after buying an additional 2,812 shares during the period. Farther Finance Advisors LLC boosted its stake in Novagold Resources by 91.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,851 shares of the mining company’s stock valued at $32,000 after buying an additional 2,322 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Novagold Resources in the 3rd quarter valued at $65,000. Finally, CapWealth Advisors LLC grew its position in Novagold Resources by 13.4% in the third quarter. CapWealth Advisors LLC now owns 509,193 shares of the mining company’s stock valued at $3,310,000 after acquiring an additional 60,203 shares during the period. Institutional investors own 57.56% of the company’s stock.
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
Novagold Resources Company Profile
Novagold Resources Inc is a Canada-based precious metals exploration and development company focused on advancing the Donlin Gold project in southwest Alaska. The project is held through Donlin Gold LLC, which is owned equally by Novagold and Barrick Gold Corporation. Donlin Gold is one of the largest undeveloped gold deposits in the world and is located on lands owned by the Calista Corporation and The Kuskokwim Corporation.
Novagold does not currently operate producing mines. Its primary activities include project evaluation, permitting, technical studies, exploration, and community and stakeholder engagement related to Donlin Gold.
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