Bull
$7.60
Scenario price
$6.230
-0.376 (-6.03%)At close
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.
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.
Morgan Stanley
$13
2026-10-07
Morgan Stanley
2026-10-07
Price Target
$13
Morgan Stanley
—
2026-07-08
Morgan Stanley
2026-07-08
Price Target
—
Morgan Stanley
$13.80
2026-04-08
Morgan Stanley
2026-04-08
Price Target
$13.80
Canaccord
$13
2026-03-27
Canaccord
2026-03-27
Price Target
$13
Scotiabank
$21
2026-02-06
Scotiabank
2026-02-06
Price Target
$21
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

Paulson: Gold in Early Stages of Long-Term Bull Market

NovaGold Acquires 40% Stake in Donlin Gold from Paulson Advisers

NovaGold Reports Q2 2026 Loss Amid Increased Expenses

Oil & Gas Exploration Stocks Lagging Market on Wednesday

NovaGold Resources Reports Q2 2026 Earnings Insights
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.

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Show moreThis page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.