NovaGold Resources Inc. (TSE:NG) Receives C$18.00 Average Target Price from Brokerages

Posted by Defense World Staff on Mar 31st, 2026

Shares of NovaGold Resources Inc. (TSE:NG – Get Free Report) have been assigned an average recommendation of “Strong Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$18.00.

A number of brokerages have recently issued reports on NG. Canaccord Genuity Group upgraded shares of NovaGold Resources to a “moderate buy” rating in a research report on Thursday, March 26th. Scotiabank set a C$21.00 target price on NovaGold Resources and gave the stock an “outperform” rating in a research report on Friday, February 6th.

Check Out Our Latest Analysis on NovaGold Resources

NovaGold Resources Price Performance

Shares of TSE NG opened at C$11.19 on Friday. The company has a 50 day simple moving average of C$14.20 and a 200 day simple moving average of C$13.25. The firm has a market cap of C$4.91 billion, a PE ratio of -44.76 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.

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

Insiders Place Their Bets

In other NovaGold Resources news, Director Dawn Patricia Whittaker bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average cost of C$12.79 per share, with a total value of C$51,160.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company’s stock, valued at C$51,160. This trade represents a ∞ increase in their ownership of the stock. Insiders own 26.46% of the company’s stock.

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.