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NovaGold Resources Inc.

NG · AMEX

Market closed$5.18$-0.150000 (-2.81%)After hours $5.26 · +1.54%

Key statistics

Previous close$5.33
Open$5.20
Day high$5.29
Day low$5.08
52-week high$14.40
52-week low$5.07
Market cap2.27B
Volume3.53M
Average volume3.65M
P/E ratio-30.47
Forward P/E—
EPS-0.17
Dividend yield0.00%

Market context

Why it moved

NovaGold Resources (NG) declined as broader precious metals markets entered a consolidation phase with a downward bias, while rising U.S.-Iran tensions and elevated oil prices weighed on risk sentiment, dampening investor appetite for gold-focused development stocks.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026NovaGold Resources declined, closing near its 52-week low, as spot gold fell sharply below $4,000 for the first time since early July — dropping over 2% to ~$3,976 — weighing heavily on gold mining equities. The selloff in gold was driven by Fed officials signaling caution on rate cuts amid sticky inflation and rising energy prices tied to escalating U.S.-Iran tensions, dampening the rate-cut optimism that had supported precious metals. The TSX materials sector dropped 3.4% to its lowest level since November, reflecting broad pressure on gold miners, while NovaGold — a development-stage company with no producing assets and therefore highly leveraged to gold sentiment — saw amplified downside. In after-hours trading, shares recovered modestly.

-2.8143

July 16, 2026NovaGold Resources declined as company-specific headwinds — including a reported 20% drop over the past month tied to rising project costs and delays at its Donlin Gold project — continued to weigh on sentiment, even as gold rebounded sharply after cooler-than-expected U.S. June CPI data eased Fed rate hike fears. While sector peers like Newmont and Barrick gained 3-4% on the gold rebound, NovaGold underperformed, reflecting investor frustration with its pre-production status and mounting development cost concerns amid an otherwise favorable gold price environment above $4,000/oz.

-3.3898

July 15, 2026NovaGold Resources closed modestly higher, edging up ~1%, even as gold prices fell sharply below $4,000 per ounce — a 2.87% drop driven by surging oil prices tied to Trump's Strait of Hormuz remarks, which lifted inflation expectations and rekindled fears of Fed rate hikes. The stock's resilience came despite a headline noting the Toronto-listed shares have stumbled roughly 20% over the past month on mounting project costs and delays at the company's flagship Donlin Gold project. With gold now under macro pressure from rising energy costs and renewed Fed uncertainty ahead of key CPI data and Fed Chair Warsh's congressional testimony, investor scrutiny on cost-heavy development-stage miners like NovaGold remains elevated.

1.0274

July 14, 2026NovaGold Resources fell amid broad sector weakness, with basic materials ranking as the worst-performing sector in the prior week (down 2.46%) as gold prices continued a third consecutive week of declines (-1% last week, -5% YTD). The pressure on NG was compounded by RBC Capital lowering price targets across the gold mining complex on July 9th — cutting targets for Newmont, Barrick, Agnico Eagle, and peers — reflecting revised outlooks tied to softer gold prices. Goldman Sachs had earlier revised its year-end gold forecast down to $4,900/oz from $5,400/oz, weighing on sentiment across the sector. Investors are now watching upcoming June CPI data and Fed Chair Warsh's Congressional testimony as key catalysts that could shift the gold price trajectory.

-2.1776

July 11, 2026NovaGold Resources closed down 2.13% amid continued pressure from a prolonged valuation reset, having shed roughly 41% since its January 2026 peak near $10.98 as fundamental concerns — including worsening EBITDA of negative $32.4 million — weigh on sentiment. Morgan Stanley maintained its Buy rating but trimmed its price target slightly to $13.60 from $13.80, while the broader Basic Materials sector underperformed the market this week, adding headwinds for the pre-revenue Donlin Gold developer. In after-hours trading, shares edged up 0.84% to $6.02.

-2.1311

July 10, 2026NovaGold Resources gained over 3% as gold rallied above $4,100 an ounce amid renewed US-Iran geopolitical tensions, boosting the appeal of gold-linked equities. Adding to the bullish backdrop, Morgan Stanley reiterated its Buy rating on NovaGold with a $13.60 price target — more than double the current share price — underscoring analyst conviction in the long-term value of its flagship Donlin Gold project in Alaska, even as the stock remains roughly 44% below its January 2026 peak of $10.98.

3.3898

July 9, 2026NovaGold Resources fell sharply as a broad risk-off selloff, triggered by President Trump's declaration that the Iran ceasefire deal was 'over,' sent gold prices lower and weighed on gold equities broadly. Adding to the pressure, Morgan Stanley maintained its Buy/Overweight rating but trimmed its price target to $13.60 from $13.80, and the stock remains down roughly 31% year-to-date after a 41% collapse from January highs near $11. Despite continued long-term bullish sentiment around the Donlin Gold project in Alaska, near-term sentiment remains fragile as traders continue fading the recent earnings-driven relief rally.

-3.2787

July 8, 2026NovaGold Resources closed down nearly 6% as profit-taking continued to weigh on shares following a recent earnings-driven rally, even as the company reported a narrower Q2 net loss of $25.5 million and reaffirmed progress on its flagship Donlin Gold project in Alaska. The selloff extended a multi-session retreat as short-term sentiment cooled after a sharp rebound from oversold levels, compounded by the stock's removal from several Russell value indices and lingering valuation concerns — with shares trading well below analyst price targets but at a premium P/B ratio relative to industry peers. In after-hours trading, shares edged back up modestly.

-5.5728

Moomoo · July 8, 2026Morgan Stanley Maintains Novagold Resources(NG.US) With Buy Rating, Cuts Target Price to $13.6Seeking Alpha · June 26, 2026NovaGold: Maybe The Best Gold Leverage Of Mines Under Development (Rating Upgrade) (NYSE:NG)Stock Titan · June 24, 2026NOVAGOLD says Donlin Gold BFS update advances, court decision pendingInvesting.com · June 24, 2026Earnings call transcript: NOVAGOLD Q2 2026 loss narrows as shares fall 11%marketscreener.com · June 24, 2026NovaGold Resources Inc. Reports Earnings Results for the Second Quarter and Six Months Ended May 31, 2026Stock Titan · June 10, 2026NOVAGOLD to webcast Q2 2026 results and Donlin Gold study update June 24Global Mining Review · February 11, 2026NOVAGOLD & Paulson select Fluor as Donlin Gold's partner to lead bankable feasibility studyNorth of 60 Mining News · January 15, 2026Donlin Gold JV breaks 15-year stalemate
Benzinga · July 8, 2026Morgan Stanley Maintains Overweight on Novagold Resources, Lowers Price Target to $13.6
Benzinga · June 24, 2026Full Transcript: Novagold Resources Q2 2026 Earnings Call
Mt Newswire · June 24, 2026NovaGold Resources Q2 Net Loss Narrows
Mt Newswire · June 24, 2026NovaGold Resources' Fiscal Q2 Net Loss Narrows
Mt Newswire · June 24, 2026Earnings Flash (NG) Novagold Resources Posts Fiscal Q2 Net Loss $0.06 a Share, vs. FactSet Est of $0.06 Loss
Benzinga · June 24, 2026Novagold Resources Q2 EPS $(0.06) Misses $(0.04) Estimate
Mt Newswire · April 9, 2026NovaGold Offers Leveraged Pure-Play Exposure to Gold via Donlin Project, Morgan Stanley Says
Mt Newswire · April 9, 2026Morgan Stanley Initiates NovaGold Resources at Overweight With $13.80 Price Target

Peers

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