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Novagold Resources New ( (TSE:NG) ) has issued an update.
In the second quarter of 2025, NOVAGOLD Resources Inc. increased its economic interest in the Donlin Gold project to 60% through a $1 billion acquisition with Paulson Advisers, marking a significant milestone in advancing the project. The company also strengthened its financial position by completing a public equity offering and private placement, raising approximately $234 million, and continued its 15,000-meter drill program to expand and convert resources at Donlin Gold.
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 gold mining industry, focusing on the development of the Donlin Gold project in Alaska. The company is primarily engaged in gold exploration and development, aiming to advance one of the largest known undeveloped gold deposits globally.
Average Trading Volume: 543,673
Technical Sentiment Signal: Buy
Current Market Cap: C$2.04B
See more insights into NG stock on TipRanks’ Stock Analysis page.