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Novagold Resources New ( (TSE:NG) ) just unveiled an announcement.
On October 1, 2025, Novagold Resources Inc. announced its financial results for the third quarter of 2025, highlighting significant developments in its Donlin Gold project. The company completed a transformative $1 billion acquisition of Barrick Mining’s 50% interest in Donlin Gold, increasing its stake to 60%. This acquisition, alongside a successful public offering and private placement, strengthened Novagold’s financial position with $125 million in cash and term deposits. The company also issued a Request for Proposals for a Bankable Feasibility Study, aiming to advance the Donlin Gold project towards becoming America’s largest gold mine. These developments have positively impacted Novagold’s market positioning and share price, signaling a pivotal moment for stakeholders.
The most recent analyst rating on (TSE:NG) stock is a Buy with a C$11.00 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. is a development-stage company in the gold mining industry, primarily focused on the Donlin Gold project in Alaska, which is projected to become the largest single gold mine in the United States. The company is headquartered in Vancouver, British Columbia, and is listed on the NYSE American and TSX exchanges.
Average Trading Volume: 609,577
Technical Sentiment Signal: Buy
Current Market Cap: C$4.81B
See more insights into NG stock on TipRanks’ Stock Analysis page.