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An update from Novagold Resources New ( (TSE:NG) ) is now available.
NOVAGOLD has filed its 2025 year-end report and highlighted a transformational year marked by the $1 billion acquisition of Barrick Mining’s former 50% stake in Donlin Gold LLC, resulting in NOVAGOLD increasing its interest in the project to 60% and Donlin Gold Holdings taking a 40% stake with shared operating control. The company advanced Donlin Gold toward development by launching a bankable feasibility study process with top-tier engineering firms, appointing veteran project director Frank Arcese, completing an 18,454-meter drill program that returned high-grade gold intercepts, and approving a $131.4 million 2026 budget to push feasibility work, permitting, environmental restoration, and community relations, while ending the fiscal year with $115.1 million in cash and term deposits to support its share of project funding and corporate costs.
The most recent analyst rating on (TSE:NG) stock is a Hold with a C$13.00 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 Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn), partially offset by a stronger TTM balance sheet and generally constructive project progress and permitting momentum. Technicals are neutral-to-mixed, and valuation support is limited due to ongoing losses and no dividend yield provided.
To see Spark’s full report on TSE:NG stock, click here.
More about Novagold Resources New
NOVAGOLD Resources Inc. is a Vancouver-based development-stage mining company focused on advancing the Donlin Gold project in Alaska, a Tier One gold development asset targeted to become one of the largest single gold mines in the United States. The company, listed on the NYSE American and TSX, does not yet have production and primarily invests in exploration, feasibility work, permitting, and community engagement around Donlin Gold, which it now owns 60% alongside partner Donlin Gold Holdings, owned by Paulson Advisers.
Average Trading Volume: 453,627
Technical Sentiment Signal: Buy
Current Market Cap: C$5.85B
For a thorough assessment of NG stock, go to TipRanks’ Stock Analysis page.