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The latest announcement is out from Novagold Resources New ( (TSE:NG) ).
NOVAGOLD Resources Inc. and Paulson Advisers LLC are advancing the Donlin Gold project in Alaska, with recent site visits and stakeholder meetings reinforcing positive momentum. The project is moving towards an updated Bankable Feasibility Study, with plans to select engineering firms by late 2025. Efforts are underway to secure natural gas resources and fill critical roles, highlighting the project’s commitment to responsible development and collaboration with local communities.
The most recent analyst rating on (TSE:NG) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Novagold Resources New stock, see the TSE:NG Stock Forecast page.
Spark’s Take on TSE:NG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NG is a Underperform.
NovaGold Resources’ stock score is primarily driven by its poor financial performance, marked by no revenue and negative equity. While technical momentum is strong, it’s offset by significant risks, including litigation and project delays. Valuation is weak due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:NG stock, click here.
More about Novagold Resources New
NOVAGOLD Resources Inc. operates in the mining industry, primarily focusing on the development of gold mining projects. The company is involved in the Donlin Gold project, which is poised to become one of the largest gold mines in the United States, with a focus on responsible and sustainable development in collaboration with local stakeholders and Alaska Native Corporations.
Average Trading Volume: 517,322
Technical Sentiment Signal: Buy
Current Market Cap: C$3.41B
For an in-depth examination of NG stock, go to TipRanks’ Overview page.