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The latest update is out from Novagold Resources New ( (TSE:NG) ).
NOVAGOLD has released its 2024 Sustainability Report, detailing its environmental, social, and governance (ESG) performance. The report highlights the company’s strong health and safety record, commitment to environmental responsibility, and community investments. NOVAGOLD emphasizes its collaboration with Alaska Native Corporation landowners to ensure lasting economic and social benefits in the Yukon-Kuskokwim region through the responsible development of the Donlin Gold project. The report aligns with the Taskforce on Climate-related Financial Disclosures and Taskforce on Nature-related Financial Disclosures, as well as the Global Reporting Initiative framework, underscoring NOVAGOLD’s dedication to transparency and responsible governance.
The most recent analyst rating on (TSE:NG) stock is a Hold 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 is a well-financed precious metals company focused on developing the Donlin Gold project in Alaska, one of the safest mining jurisdictions globally. The project is recognized as one of the largest, highest-grade, and most prospective open-pit gold deposits worldwide, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories.
YTD Price Performance: 21.13%
Average Trading Volume: 530,254
Technical Sentiment Signal: Buy
Current Market Cap: C$2.3B
See more insights into NG stock on TipRanks’ Stock Analysis page.