NYSE Arca: NG

Novagold Resources (NG) Stock Analysis & Forecast

Oct 12 close

$6.73+0.02 (+0.3%)

Gekko Brief

AI summaryOct 12 close

This week's news centers on NovaGold's fiscal Q3 2026 results and the ongoing move to consolidate ownership of the Donlin Gold project. Reports describe a widened net loss, with figures ranging across the coverage from a net loss of CAD 25.5 million in the prior quarter's call reference to a Q3 2026 net loss of $36 million cited in one transcript, and EPS reported variously at -$0.11 and ($0.08) against a ($0.06) estimate, alongside higher study costs and legal fees tied to the proposed acquisition of the remaining interest in Donlin Gold. Coverage also notes a new corporate reorganization plan to form a NYSE-listed, U.S.-domiciled parent, New Novagold Resources, as the company moves toward full ownership of the project, with one piece noting the stock fell 27% during the quarter.

NG closes at $6.73, down 0.3%, sitting below both its 50-day average of $7.54 and 200-day average of $8.49, with the 50-day below the 200-day. The GekkoIndex reads 61.7, placing the stock in the Accumulation zone, though the reading has slipped 4.3 points over five days. Price sits 29.5% below the Gekko Fair Value of $9.54.

The next earnings date falls on 28 January 2027, 107 days out and beyond a typical 20-day holding window. No insider, Congress, or unusual options activity appears in their respective windows. Seasonality over the next 20 trading days has averaged +0.2% across 5 years, rising in 3 of them. The single covering analyst carries a buy rating with a consensus target of $12.95.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Novagold Resources price vs fair value

$9.54$6.73Oct ’25Apr ’26Oct ’26
Close $6.73200-day averageGekko Fair Value $9.54

Novagold Resources quick facts

Market cap
$2.95B
P/E ratio
—
Forward P/E
4.9
EPS, TTM
−$0.17
Revenue, TTM
$0
Profit margin
0%
Dividend yield
—
Beta
2.35
Volume
3.15M avg 5.47M
1-year return
−31.0%
Typical daily move
±5.1%
Typical 20-day move
±9.7%
50-day average
$7.54
200-day average
$8.49
Next earnings
Jan 28
Shares outstanding
438.8M
52-week range
$5.08$14.40

Novagold Resources swing-trade checklist

Novagold Resources scores 4 supportive, 0 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $6.73 is below the 50-day ($7.54) and 200-day ($8.49) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    61.7, Accumulation

    Reading 61.7 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    29.5% below

    Price is 29.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 108 days

    Next report Jan 28, 2027, 108 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +0.2% on average

    From this point in the calendar, the next 20 trading days averaged +0.2% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Novagold Resources stock chart and price history

Novagold Resources closed at $6.73 on Oct 12, 2026, −31.0% over the past year, inside a 52-week range of $5.08 to $14.40.

Close50-day average200-day averageVolume
Novagold Resources share price, past year, with 50-day and 200-day moving averages and volume$6$8$10$12$14NovDecJan 2026FebMarAprMayJunJulAugSepOct6.73

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.3%
3 months
+14.1%
6 months
−31.2%
1 year
−31.0%
The full NG chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NG in Gekko

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About Novagold Resources

Novagold Resources focuses on identifying and developing gold deposits, with its work centered in the United States. The company is best known for its stake in the Donlin Gold project, a large property in the Kuskokwim region of southwestern Alaska that spans 493 mining claims covering roughly 29,008 hectares.

Novagold's activities center on advancing this gold property rather than active mining production, positioning it within the exploration and development stage of the gold business.

Novagold traces its origins to 1984, when it was established as NovaCan Mining Resources (1985) Limited, adopting its current name in March 1987. The company is headquartered in Vancouver, Canada, and its shares are listed on the NYSE Arca under the ticker NG.

Listed
NYSE Arca
Sector
Non-energy minerals
Industry
Precious metals
Website
novagold.com

Novagold Resources GekkoIndex: the smart money zone

Novagold Resources’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61.7, in the Accumulation zone, down 4.3 points over five sessions.

010061.7Accumulation

Down 4.3 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying47+2.1%+7.6%+8.9%+18.0%
Accumulation (current zone)197+1.3%+3.3%+8.6%+6.5%
Neutral398+1.0%+1.5%+3.4%+13.6%
Distribution370.0%−0.7%−5.5%+16.6%
Selling3Too few readings yet

Average NG share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the NG price, zone by zone.Track NG in Gekko

Is Novagold Resources stock overvalued? Gekko Fair Value

Novagold Resources trades 29.5% below Gekko Fair Value of $9.54, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Novagold Resources shares are worth, recalculated every trading day.

$9.54

Gekko Fair Value, Oct 10, 2026

29.5% Undervalued

At the end of Aug 2026 the price was 15.9% below the estimate.

Gekko Fair ValueShare price, month end
$10$7Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open NG in Gekko

Novagold Resources insider and Congress trading

No open-market insider purchases were filed for Novagold Resources, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for NG in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every NG insider filing, plotted on the chart in Gekko.Open NG in Gekko

Congress trades last 90 days

No trades in NG were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for NG, plotted on the chart in Gekko.Open NG in Gekko

Buybacks

Novagold Resources has been buying back its own shares.

Bought back, quarter ended Nov 30, 2025
$82K
As a share of market cap
0.00%

From company filings.

Hedge funds and billionaires quarter ended Sep 30

0of the funds Gekko tracks hold NG.

0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Novagold Resources earnings: next date and track record

Novagold Resources reports on Jan 28, 2027 (108 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±6.5%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−12.3%Oct ’24−6.8%Jan ’250.0%Apr ’25+6.4%Jun ’25+9.7%Oct ’25−0.8%Jan ’26+0.9%Apr ’26−14.8%Jun ’26

Last earnings call, Jun 24, 2026 AI summary

What they said
NOVAGOLD reported a Q2 2026 net loss of CAD 25.5 million (CAD 0.06/share), improved from prior year's larger loss driven by prior-year warrant charges and higher 2026 interest income. The company holds 50% interest in Donlin Gold, projecting post-tax NPV over CAD 4,000/oz. A Bankable Feasibility Study was completed and Barrick's interest was acquired. Draft supplemental EIS anticipated for September 2026.
Guidance
Draft supplemental EIS for Donlin Gold permitting anticipated in September 2026. Management expects ongoing BFS advancement activities with contractors Fluor, WSP, Worley, and Hatch. No specific revenue or earnings targets provided, as NOVAGOLD remains in development stage.
ReportedEPSSurpriseRevenueSurpriseMove
Jun 24, 2026−$0.06
est −$0.06
0.0%——−14.8%
Apr 1, 2026−$0.04
est −$0.06
+33.3%——+0.9%
Jan 22, 2026−$0.03
est −$0.04
+25.0%——−0.8%
Oct 1, 2025−$0.04
est −$0.04
−13.2%——+9.7%
Jun 25, 2025−$0.15
est −$0.04
−275.0%——+6.4%
Apr 1, 2025−$0.03
est −$0.04
+25.0%——0.0%
Jan 23, 2025−$0.03
est −$0.02
−50.0%——−6.8%
Oct 2, 2024−$0.03
est −$0.02
−50.0%——−12.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Novagold Resources stock forecast and analyst price targets

Analysts’ average 12-month price target for Novagold Resources is $12.95, +92.4% from the last close, from 1 firm rating the stock in the last 90 days.

$12.95consensus 12-month target, +92.4% from the last close
Buy1
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 1 firm.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 7Morgan StanleyBuy, reiterated$13+93.2%
+8.6%average 20-day move after past Accumulation readings
+0.2%average move over the next 20 trading days in the last 5 years
±5.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Novagold Resources seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Novagold Resources averaged +0.2% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+7.2%2021+10.2%2022−1.6%2023−0.3%2024−15.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.6%4 of 5
Next 10 trading days+3.0%4 of 5
Next 15 trading days−1.3%3 of 5
Next 20 trading days+0.2%3 of 5
Next 30 trading days+3.9%4 of 5

For scale, NG’s typical 20-trading-day move in either direction is about 9.7%.

Novagold Resources market cap and key statistics

Novagold Resources’s market cap is $2.95B and revenue of $0 over the last twelve months.

Valuation

Market cap
$2.95B
Forward P/E
4.9
EPS, TTM
−$0.17
Gekko Fair Value
$9.54

Trading

Volume
3.15M
Avg volume, 20 days
5.47M
52-week high
$14.40
52-week low
$5.08
Shares outstanding
438.8M

Financials

Revenue, TTM
$0
Profit margin
0%
Return on equity
-24.6%
Quarterly earnings growth, YoY
0.0%

Risk and income

Beta
2.35
Typical daily move
±5.1%
Typical 20-day move
±9.7%

Novagold Resources stock news this week

Coverage of Novagold Resources this week reads positive: 9 positive, 1 neutral and 6 negative headlines.

News sentiment positive

Novagold Resources peers

Novagold Resources’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEMNewmont+0.5%Accumulation7.3% above
AEMAgnico Eagle Mines+0.7%Accumulation7.0% below
BBarrick Mining+0.4%Neutral4.8% above
WPMWheaton Precious Metals+0.8%Accumulation5.3% above
FNVFranco-Nevada+1.0%Neutral1.3% above
KGCKinross Gold+0.6%Accumulation3.8% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Novagold Resources stock FAQ

What is Novagold Resources’s market cap?

Novagold Resources’s market cap is $2.95B at the Oct 12, 2026 close of $6.73, with 438.8M shares outstanding.

What is the Novagold Resources stock forecast?

The consensus analyst 12-month price target for Novagold Resources is $12.95, +92.4% from the last close. Of the 1 firm that rated the stock in the last 90 days, 1 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Novagold Resources stock overvalued or undervalued?

On Gekko’s estimate Novagold Resources is undervalued: the Oct 12, 2026 close of $6.73 is 29.5% below Gekko Fair Value of $9.54. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Novagold Resources report earnings next?

Novagold Resources is expected to report on Jan 28, 2027 (108 days away). Analysts expect earnings of −$0.01 per share. Novagold Resources beat the earnings estimate in 3 of its last 8 reports, moving 6.5% on average across the report.

What is Novagold Resources’s 52-week high and low?

Novagold Resources’s 52-week high is $14.40 and its 52-week low is $5.08; it closed at $6.73 on Oct 12, 2026, −31.0% over the past year.

Is Novagold Resources stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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