Novagold Resources Inc [AMEX: NG] price plunged by -5.13 percent to reach at $5019996.1.
A sum of 5503541 shares traded at recent session while its average daily volume was at 5.02M shares. Novagold Resources Inc shares reached a high of $3.935 and dropped to a low of $3.613 until finishing in the latest session at $5020000.0.
The one-year NG stock forecast points to a potential downside of -66666566.67. The average equity rating for NG stock is currently 1.67, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Novagold Resources Inc [NG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NG shares is $7.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NG stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Novagold Resources Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 04, 2025. While these analysts kept the previous recommendation, National Bank Financial raised their target price to Outperform. The new note on the price target was released on July 20, 2022, representing the official price target for Novagold Resources Inc stock.
NG Stock Performance Analysis:
Novagold Resources Inc [NG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.72. With this latest performance, NG shares gained by 3.35% in over the last four-week period, additionally plugging by 12.46% over the last 6 months – not to mention a rise of 11.11% in the past year of trading.
Insight into Novagold Resources Inc Fundamentals:
Return on Equity for this stock declined to -38.81%, with Return on Assets sitting at -38.81%.
NG Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Novagold Resources Inc go to 5.90%.
Novagold Resources Inc [NG] Institutonal Ownership Details
There are presently around $47.77%, or 63.71% of NG stock, in the hands of institutional investors. The top three institutional holders of NG stocks are: PAULSON & CO. INC. with ownership of 27.24 million shares, which is approximately 8.1458%. FIRST EAGLE INVESTMENT MANAGEMENT, LLC, holding 21.49 million shares of the stock with an approximate value of $$74.34 million in NG stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $$67.22 million in NG stock with ownership which is approximately 5.8102%.
