NovaGold Resources Inc

NovaGold Resources Inc (NG) Stock Analysis

$6.230

-0.376 (-6.03%)At close

Loading chart…
High
6.475
Open
6.410
VWAP
6.28
Volume
6.60M
Mkt Cap
1.21B
Low
6.120
Amount
41.42M
EV/EBITDA, TTM
0.00

NovaGold Resources Inc. is a gold development company focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska, 10 miles north of the village of Crooked Creek, and is managed by Donlin Gold LLC, which is owned by NOVAGOLD and Paulson Advisers LLC. The Donlin Gold project contains approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories.

AI analysis of NovaGold Resources Inc (NG)

Hold

NovaGold Resources Inc is currently priced at $6.71, which is significantly below the analyst price targets of $13 from Morgan Stanley and $9 from B. Riley. However, the company is facing substantial net losses, with a reported loss of $36 million in Q3 2026, and a forward P/E ratio of 4.90, indicating potential undervaluation but also significant risk. The RSI is at 52.58, suggesting the stock is neither overbought nor oversold, which aligns with a cautious approach. Therefore, while there is potential for upside based on analyst targets, the ongoing financial losses and market volatility suggest holding rather than buying at this time.

Analyst Ratings (1)

+124.08% upside
Buy
1 Buy
0 Hold
0 Sell
Current: 6.23
Low
10.90
Average
13.96
High
17.44

Morgan Stanley

2026-10-07

Price Target

$13

Overweight

Morgan Stanley

2026-07-08

Price Target

—

Overweight

Morgan Stanley

2026-04-08

Price Target

$13.80

Overweight

Canaccord

2026-03-27

Price Target

$13

Speculative Buy

Scotiabank

2026-02-06

Price Target

$21

Outperform

Valuation Metrics

The current forward P/E ratio for NovaGold Resources Inc (NG) is 4.90, compared to its 5-year average forward P/E of -39.39.

Forward P/E

Overvalued
5Y Average P/E
-39.39
Current P/E
4.90
Overvalued
-14.87
Undervalued
-63.90

Forward EV/EBITDA

Strongly Overvalued
5Y Average EV/EBITDA
-65.04
Current EV/EBITDA
0.00
Overvalued
-34.94
Undervalued
-95.14

Forward P/S

Strongly Undervalued
5Y Average P/S
0.00
Current P/S
0.00
Overvalued
0.00
Undervalued
0.00

Alphio AI Price Scenarios for NG

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%NG

$7.60

Scenario price

B

Base

Base · 50%NG

$6.51

Scenario price

B

Bear

Bear · 25%NG

$5.95

Scenario price

Whales holding NG

L

Lingotto Investment Management LLP

+ HoldingNG

+19.59%

3M Return

T

The Electrum Group LLC

+ HoldingNG

+10.92%

3M Return

K

Kopernik Global Investors, LLC

+ HoldingNG

+3.55%

3M Return

Events Timeline

2026-07-22 (ET)

07:30:00

NovaGold Acquires Paulson's 40% Stake, Increasing Ownership to 100%

2026-06-23 (ET)

14:30:00

Paychex, Novagold, Daktronics Earnings Preview Before Tomorrow's Open

2026-03-18 (ET)

12:10:00

NovaGold Shares Drop 10.5% to $8.72

2026-02-09 (ET)

08:20:00

NOVAGOLD Selects Fluor for Donlin Gold Feasibility Study

2026-01-22 (ET)

08:30:00

NOVAGOLD Files 2025 Fiscal Year Report, Acquires 50% Stake in Donlin Gold

News

NG FAQ — answered by Alphio AI

NovaGold Resources Inc. is a gold development company focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska, 10 miles north of the village of Crooked Creek, and is managed by Donlin Gold LLC, which is owned by NOVAGOLD and Paulson Advisers LLC. The Donlin Gold project contains approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories. It operates in the Basic Materials sector (GOLD AND SILVER ORES industry).

NovaGold Resources Inc is currently priced at $6.71, which is significantly below the analyst price targets of $13 from Morgan Stanley and $9 from B. Riley. However, the company is facing substantial net losses, with a reported loss of $36 million in Q3 2026, and a forward P/E ratio of 4.90, indicating potential undervaluation but also significant risk. The RSI is at 52.58, suggesting the stock is neither overbought nor oversold, which aligns with a cautious approach. Therefore, while there is potential for upside based on analyst targets, the ongoing financial losses and market volatility suggest holding rather than buying at this time.

1 analysts cover NG: 1 rate it Buy, 0 Hold and 0 Sell. The average price target is 13.96.

Community

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