Novagold Resources (NYSEAMERICAN:NG) Shares Break Above 50 Day Moving Average – Here’s What Happened

Posted by Brenda Bartman on Nov 11th, 2026

Novagold Resources Inc. (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.85 and traded as high as $6.98. Novagold Resources shares last traded at $6.88, with a volume of 3,120,985 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NG shares. Citigroup started coverage on Novagold Resources in a report on Friday, November 6th. They issued a “buy” rating and a $12.50 price target for the company. B. Riley Financial assumed coverage on Novagold Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on Novagold Resources from $13.60 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Novagold Resources has a consensus rating of “Buy” and a consensus target price of $12.30.

Check Out Our Latest Analysis on NG

Novagold Resources Price Performance

The stock’s fifty day moving average price is $6.76 and its 200-day moving average price is $8.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 44.51 and a current ratio of 44.51. The firm has a market cap of $2.65 billion, a PE ratio of -28.81 and a beta of 0.97.

Novagold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) last announced its quarterly earnings data 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, equities analysts forecast that Novagold Resources Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Novagold Resources

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of Novagold Resources by 34,166.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company’s stock worth $28,000 after acquiring an additional 3,075 shares during the period. GAMMA Investing LLC raised its holdings in Novagold Resources by 179.9% during the third quarter. GAMMA Investing LLC now owns 4,375 shares of the mining company’s stock worth $28,000 after purchasing an additional 2,812 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Novagold Resources by 91.8% during the third quarter. Farther Finance Advisors LLC now owns 4,851 shares of the mining company’s stock worth $32,000 after purchasing an additional 2,322 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Novagold Resources during the third quarter worth $33,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Novagold Resources by 6,221.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,057 shares of the mining company’s stock worth $33,000 after purchasing an additional 4,977 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-based precious metals company focused on advancing the Donlin Gold project in southwestern Alaska. The company is a development-stage business and does not currently operate producing mines. Donlin Gold is owned equally by NOVAGOLD and Barrick Gold Corporation. The partners are working to advance the project, which is located in the Kuskokwim region of Alaska. NOVAGOLD’s activities center on evaluating and developing the Donlin Gold project, including its exploration, engineering, permitting and related planning work.