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Home › Stocks › Novagold Resources Inc. (NG) Stock Forecast & Price Prediction Canada | NYSE | Basic Materials | Gold
$3.60
+0.05 (1.41%)10 Quality Stocks Worth Considering Now
Researching Novagold (NG) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 3 Wall Street analysts, NG has a neutral consensus with a median price target of $4.94 (ranging from $4.94 to $4.94). The overall analyst rating is Buy (7.3/10). Currently trading at $3.60, the median forecast implies a 37.3% upside. This outlook is supported by 1 Buy, 2 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NG.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jun 21, 2023 | B. Riley Securities | Lucas Pipes | Buy | Reiterates | $10.00 |
Mar 25, 2020 | B. Riley FBR | Buy | Maintains | $0.00 | |
Mar 24, 2020 | B. Riley FBR | Buy | Maintains | $0.00 | |
Mar 24, 2020 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $30.00 |
May 5, 2018 | B. Riley FBR | Buy | Initiates | $0.00 | |
Apr 24, 2018 | JP Morgan | John Bridges | Overweight | Maintains | $7.00 |
Dec 19, 2017 | B. Riley Securities | Buy | Initiates | $0.00 | |
Dec 19, 2017 | B. Riley FBR | Buy | Initiates | $0.00 | |
Sep 27, 2016 | JP Morgan | Overweight | Upgrade | $0.00 |
The following stocks are similar to Novagold based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Novagold Resources Inc. has a market capitalization of $1.44B with a P/E ratio of -25.7x. The company generates $0 in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of +96.2%.
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Explores and develops gold properties.
Novagold Resources Inc. focuses on the exploration and development of gold properties, primarily monetizing its core asset, the Donlin Gold project in Alaska. The company aims to create long-term value by developing one of the largest undeveloped gold deposits, leveraging its strategic approach and partnerships to ensure environmentally responsible practices.
The company emphasizes high-quality gold assets and community relationships, positioning itself as a significant player in the mining sector. Novagold's activities also influence financial markets, particularly as gold is viewed as a safe-haven asset during economic instability, thereby impacting global gold supply discussions.
Basic Materials
Gold
14
Mr. Gregory A. Lang
Canada
2003
Insider buying has decreased this month, primarily due to the ongoing first-quarter earnings reporting season.
Slow insider buying during earnings season may indicate caution among executives, potentially signaling weaker future performance or uncertainty, affecting investor sentiment and stock valuations.
All financial figures mentioned in the report are presented in U.S. dollars unless specified otherwise.
Clarifies that financial figures are in U.S. dollars, which affects currency risk assessments and valuation for investors dealing with international markets or assets.
NOVAGOLD RESOURCES INC. closed an upsized public offering of 47.85 million common shares at $3.75 each, as announced on May 9, 2025.
The upsized public offering indicates increased capital for NOVAGOLD, impacting share dilution and funding for growth initiatives, influencing investor sentiment and stock performance.
All financial figures mentioned are in U.S. dollars unless stated otherwise.
Clarifies currency context for financial data, ensuring accurate interpretation of figures. Essential for assessing company performance and making informed investment decisions.
Gold reached $3,000 per ounce, with analysts from JPMorgan and Goldman Sachs projecting it could rise to $4,000 by mid-2026.
Gold's predicted rise to $4,000 per ounce signals potential inflation and economic uncertainty, influencing asset allocation and gold investment strategies.
Barrick Gold will sell its 50% stake in the Donlin Gold Project in Alaska to John Paulson and NovaGold Resources for up to $1.1 billion.
Barrick Gold's exit from the Donlin Gold Project indicates a strategic shift, potentially affecting gold supply dynamics and investor sentiment around gold stocks and project viability.
Based on our analysis of 3 Wall Street analysts, Novagold Resources Inc. (NG) has a median price target of $4.94. The highest price target is $4.94 and the lowest is $4.94.
According to current analyst ratings, NG has 1 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.60. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NG stock could reach $4.94 in the next 12 months. This represents a 37.3% increase from the current price of $3.60. Please note that this is a projection by Wall Street analysts and not a guarantee.
Novagold Resources Inc. focuses on the exploration and development of gold properties, primarily monetizing its core asset, the Donlin Gold project in Alaska. The company aims to create long-term value by developing one of the largest undeveloped gold deposits, leveraging its strategic approach and partnerships to ensure environmentally responsible practices.
The highest price target for NG is $4.94 from at , which represents a 37.3% increase from the current price of $3.60.
The lowest price target for NG is $4.94 from at , which represents a 37.3% increase from the current price of $3.60.
The overall analyst consensus for NG is neutral. Out of 3 Wall Street analysts, 1 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $4.94.
Stock price projections, including those for Novagold Resources Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.