NovaGold Resources Inc (NG.TO) Buy, Sell or…

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NovaGold Resources Inc (NG.TO)

8.48

-0.09 (1.05%)

as of Jun 30, 2026, 8:00:00 pm Market Open.

16 watching

Investor Insights

Jun 30, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

NovaGold Resources Inc (NG-T) is perceived as a highly leveraged call on gold due to its substantial, yet undeveloped gold deposits. Experts highlight the significant upfront capital costs associated with bringing these assets into production. There is an optimistic view that if gold prices remain strong, the company could attract a partner to develop its assets, thus increasing shareholder value. However, there is a cautionary note that if gold prices decline, the stock may become a value trap, leading investors to potentially face losses. Overall, while there is potential for growth, the stock's performance heavily hinges on the volatile nature of gold prices.

Consensus

Bullish

Valuation

Overvalued

Similar

Barrick, GOLD

RISKY

Leveraged call on gold. Very large, undeveloped deposit with very high upfront capital costs. If gold price continues to do well, will ultimately find a partner to put its asset into production. If gold price doesn't do well, value trap.

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TOP PICK

NOVAGOLD is a well-financed precious metals company focused on the development of its 50%-owned Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 39 million ounces of gold in the measured and indicated mineral resource categories, inclusive of proven and probable mineral reserves (541 million tonnes at an average grade of approximately 2.24 grams per tonne in the measured and indicated resource categories on a 100% basis), 9 Donlin Gold is regarded to be one of the largest, highest-grade, and most prospective known open pit gold deposits in the world. Social media mentions are up 1100% in the past 24h.

BUY

He's not a gold bug, but seeks unloved stocks in unloved sectors. Gold has consolidated nicely and made a good technical turn. His #1 gold holding is FNV-T. TGC has the largest undeveloped deposit in the world and in a safe place (Alaska) with a good partner in Barrick. All tailwinds.

TOP PICK

He is not a gold bug however he is big on structural themes and golds have been making a big turn. It would have the largest new deposit in the world. Theirs is a great asset in a group that is hated. He thinks we are into a reflationary cycle and the golds are set up to perform quite well. (Analysts’ price target is $11.97)

COMMENT

Has had a really, really good move in the short term. If you think the gold price is going up 2 years from now, you will be very happy if you bought it today. 3 or 6 months from now you will be somewhat less happy. He owns it because he likes the optionality of the higher gold and copper prices. It is going to be a very, very volatile stock.

BUY

There are two projects in North Western BC. They will be difficult to build, but have lots of gold and copper. He likes that they know they are an optionality play. They run low G&A. The management knows not to dilute now.

DON'T BUY

Not a producing company. They have two assets in Canada and have given up on one. They would have to spend $7 Billion. They have a partner that is willing to build the mine with them, but they need higher gold prices. It would be the biggest gold mine in the world. It is not the right project for the current gold environment.

SELL

This is one of those projects that is lower in grade and requires very large spending capital. In the current environment, lots of the majors are cutting back on capital spending.

COMMENT

He is bullish on gold. It needs to break out above $1800 and then we will have a dynamic run on gold to $2000. IF it does not break out and we go back to summer lows, then it will be a bad sign.

COMMENT

Gold usually does well in the summer, beginning of July, coming into the beginning of October. There can be another period at this time but you have to watch it. Be very careful.

DON'T BUY

(Market Call Minute) too high a Cap –X.

DON'T BUY

Hasn't owned this one for 10 years. Always thought the CapX was too high.

DON'T BUY

Chart shows some support at $3.60. If it got down to that level he would get out. For a long-term view, the $6 level is pretty critical and the got to that point, he would buy more. You shouldn't buy any more at this point.

DON'T BUY

Doesn’t like companies like this that are going to have to raise literally billions of dollars to bring their projects into commercial production.

DON'T BUY

Has been a management shakeup and investing some assets. Will Barrick (ABX-T) take them out? The ducks are lining up to make a thesis. Will be price dependent. He would not invest in anything on the premise that they will be taken out. There are better places to put your money.

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NovaGold Resources Inc (NG.TO) Frequently Asked Questions

What is NovaGold Resources Inc stock symbol?

NovaGold Resources Inc is a Canadian stock, trading under the symbol NG.TO (previously NG-T on Stockchase) on the Toronto Stock Exchange (NG-CT). It is usually referred to as TSX:NG or NG.TO

Is NovaGold Resources Inc a buy or a sell?

In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on NG.TO (previously NG-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for NovaGold Resources Inc.

Is NovaGold Resources Inc a good investment or a top pick?

NovaGold Resources Inc was recommended as a Top Pick by Andrew Cook on 2011-12-06. Read the latest stock experts ratings for NovaGold Resources Inc.

Why is NovaGold Resources Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for NovaGold Resources Inc.

Is NovaGold Resources Inc worth watching?

NovaGold Resources Inc is followed by 16 investors on Stockchase and is a trending stock that is worth watching.

What is NovaGold Resources Inc stock price?

On 2026-06-30, NovaGold Resources Inc (NG.TO) stock closed at a price of $8.48.

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NovaGold Resources Inc (NG.TO)