NovaGold Resources (TSE:NG) Upgraded at Canaccord Genuity Group

Posted by Defense World Staff on Mar 29th, 2026

Canaccord Genuity Group upgraded shares of NovaGold Resources (TSE:NG – Free Report) to a moderate buy rating in a research note released on Thursday,Zacks.com reports.

Separately, Scotiabank set a C$21.00 price target on shares of NovaGold Resources and gave the company an “outperform” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$18.00.

Check Out Our Latest Analysis on NG

NovaGold Resources Trading Up 6.0%

NG opened at C$11.35 on Thursday. The stock has a market capitalization of C$4.98 billion, a PE ratio of -45.40 and a beta of 2.91. NovaGold Resources has a 1-year low of C$3.22 and a 1-year high of C$19.69. The firm has a 50-day moving average price of C$14.27 and a two-hundred day moving average price of C$13.21.

NovaGold Resources (TSE:NG – Get Free Report) last announced its earnings results on Thursday, January 22nd. The company reported C($0.05) earnings per share for the quarter.

Insider Transactions at NovaGold Resources

In other news, Director Dawn Patricia Whittaker acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average cost of C$12.79 per share, for a total transaction of C$51,160.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at C$51,160. This trade represents a ∞ increase in their ownership of the stock. 26.46% of the stock is currently owned by corporate insiders.

NovaGold Resources Company Profile

(Get Free Report)

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.