Analyst Price Target is C$18.00
▲ +46.70% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for NovaGold Resources in the last 3 months. The average price target is C$18.00, with a high forecast of C$21.00 and a low forecast of C$15.00. The average price target represents a 46.70% upside from the last price of C$12.27.
Current Consensus is
Strong Buy
The current consensus among 5 investment analysts is to buy (strong buy) stock in NovaGold Resources. This rating has held steady since October 2025, when it changed from a Buy consensus rating.
NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories (560 million tonnes at an average grade of approximately 2.22 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis)5, inclusive of Proven and Probable Mineral Reserves, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. According to the 2025 Technical Report and the 2025 Technical Report Summary (as defined below), the Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production.
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