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Novagold Resources Approves Proposals at Annual Meeting

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Novagold Resources Approves Proposals at Annual Meeting

Confident Investing Starts Here:

An update from Novagold Resources New ( (TSE:NG) ) is now available.

On May 15, 2025, NOVAGOLD RESOURCES INC. held its Annual Meeting of Shareholders in a virtual format, where all proposals were approved, including the election of all director nominees and the appointment of PricewaterhouseCoopers LLP as auditors. The meeting saw participation from 82.41% of the company’s issued and outstanding shares, reflecting strong shareholder engagement. The company also conducted outreach to shareholders holding approximately 89.92% of its shares, which has contributed to improvements in governance and compensation practices.

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 RESOURCES INC. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily involved in advancing its flagship Donlin Gold project in Alaska, which is considered one of the largest and highest-grade known open-pit gold deposits in the world.

Average Trading Volume: 442,223

Technical Sentiment Signal: Buy

Current Market Cap: C$1.92B

For an in-depth examination of NG stock, go to TipRanks’ Stock Analysis page.

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