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/NG
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NovaGold Resources Inc

NovaGold Resources Inc

NG
$7.50USD↓-1.45%-0.11 today

MARKET CAP

3.3B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$7 – $8

52W RANGE

$5
$14

AI Summary

Stalk
TrimMedium

NG is in a Stage 4 declining context with a Support Failure confirming a bearish medium-term bias. Price sits below the 9/20 EMA and 50 SMA on expanding volume, and RSI is weakening. Short-term conditions remain unfavorable for fresh entries in the bearish direction, so we defer execution and look to trim into relief rallies into the $8.00–$8.10 resistance area near the 50-day and 200-day SMAs. A sustained move back above that zone would invalidate the current bearish posture.

  • ↑Donlin to average >1M oz gold annually over 27-year mine life
  • ↑$370M cash reserves fund BFS and operations through H1 2027
  • ↓Q2 2026 net loss of $25.5M driven by higher field and G&A costs
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

NovaGold Resources Inc. (NYSE AMERICAN: NG) is a premier precious metals company focused on advancing the development of its flagship Donlin Gold project in Alaska. Positioned strategically within the gold mining sector, NovaGold seeks to leverage its substantial asset with high-grade reserves and a strong operational framework aimed at becoming one of the largest gold producers in North America.

Bull says

  • ↑Donlin to average >1M oz gold annually over 27-year mine life
  • ↑$370M cash reserves fund BFS and operations through H1 2027
  • ↑Gold >$4,000/oz lifts NPV to >$50B at zero discount
  • ↑BFS due H1 2027 with federal permits secured de-risks timing
  • ↑Only 5% of land explored implies potential tens of millions of ounces
  • ↑Strong growth factor, 0.55 book-to-price undervaluation, and low macro sensitivity

Bear says

  • ↓Q2 2026 net loss of $25.5M driven by higher field and G&A costs
  • ↓Analysts' downgrades signal high revision risk and potential selling pressure
  • ↓G&A expenses rose $3.1M YoY, straining operational budgets
  • ↓Negative profitability metrics indicate low earnings generation efficiency
  • ↓High leverage risk could hamper financing amid rising interest rates
  • ↓Negative earnings yield and low profitability factors may cap stock upside

Investment themes with NG

International Value↑ +0.55%

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Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 07-22-2026bullish

Transcript signals

Bull points

  • We started drilling in March and we're about halfway through a 15,000-meter program focused on resource conversion in and around the ACMA and Lewis deposits, which positions us strongly for future growth.
  • Donlin is well positioned to be a major gold producer, averaging 1.4 million ounces a year for the first 10 years, making Donlin one of the largest, if not the largest, gold mines in the industry.
  • Our grade is two and a quarter grams, which is better than twice the industry average, enabling Donlin to have exceptionally low cash costs.

Bear points

  • Novigold reported a net loss of $54.3 million in the second quarter of 2025, representing an increase of $40.6 million from the comparable prior year period. This increase was primarily due to a $39.6 million non-cash, non-recurring charge related to warrants issued as consideration to certain investors for providing a backstop commitment as part of the Donlon Gold transaction announced during the second quarter.
Read full transcript analysis ›