Crude Oil Gains 3%; 3M Posts Better-Than-Expected Q1 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks rose significantly, with the Nasdaq Composite gaining around 500 points and the Dow up 2.83%, driven by strong performances in consumer discretionary shares and positive earnings reports from companies like 3M.
Global Market Trends: While Asian markets mostly closed higher, European shares showed mixed results, and commodities like oil and silver experienced price increases, reflecting varied economic conditions across regions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NG
Wall Street analysts forecast NG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NG is 13.96 USD with a low forecast of 10.90 USD and a high forecast of 17.44 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 8.300
Low
10.90
Averages
13.96
High
17.44
Current: 8.300
Low
10.90
Averages
13.96
High
17.44
About NG
NOVAGOLD Resources Inc. is a precious metals company. The Company is focused on the development of the Donlin Gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62 North latitude and 158 West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska, 10 miles north of the village of Crooked Creek, and is managed by Donlin Gold LLC, which is owned by NOVAGOLD and Paulson Advisers LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NOVAGOLD Closes $310 Million Upsized Private Placement
- Significant Financing: NOVAGOLD successfully closed a $310 million private placement, issuing 31.02 million common shares at $10 each, reflecting strong market confidence in its Donlin Gold project.
- Clear Use of Proceeds: The funds raised will be allocated to expenditures related to the Donlin Gold project, settlement of the prepayment option with Barrick Mining Corporation, and general corporate purposes, ensuring liquidity for future growth.
- Strong Underwriter Performance: BMO Capital Markets, RBC Capital Markets, and Scotiabank acted as underwriters, collectively earning a 5% cash fee on gross proceeds, showcasing their significant influence and expertise in the capital markets.
- Optimistic Project Outlook: The Donlin Gold project is expected to produce over one million ounces annually over a 27-year mine life, with approximately 560 million tonnes of high-grade gold resources, further solidifying NOVAGOLD's leadership position in the precious metals sector.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
See More
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
See More
NovaGold Reports $15.6M Q4 Loss, Increases Donlin Gold Stake to 60%
- Financial Performance: NovaGold reported a net loss of $15.6 million in Q4 2025, an increase of $4.7 million from the previous year, indicating challenges in cost management and profitability that may affect investor confidence.
- Capital Raising: The company raised $259.6 million in fiscal 2025 through public offerings and private placements, enhancing financial stability and ensuring funding for ongoing operations and project development.
- Acquisition Progress: NovaGold acquired an additional 10% stake in Donlin Gold for $210.1 million, increasing its ownership to 60%, which will help enhance its control and potential returns from America's largest gold mine project.
- Project Development: The feasibility study for the Donlin Gold project is expected to take 18 months, and despite facing slight increases in strip ratio and rising administrative costs, the long-term economic potential of the project remains promising, especially against a backdrop of rising gold prices.
See More
NOVAGOLD Closes $310 Million Upsized Private Placement
- Significant Financing: NOVAGOLD successfully closed a $310 million private placement, issuing 31.02 million common shares at $10 each, reflecting strong market confidence in its Donlin Gold project.
- Clear Use of Proceeds: The funds raised will be allocated to expenditures related to the Donlin Gold project, settlement of the prepayment option with Barrick Mining Corporation, and general corporate purposes, ensuring liquidity for future growth.
- Strong Underwriter Performance: BMO Capital Markets, RBC Capital Markets, and Scotiabank acted as underwriters, collectively earning a 5% cash fee on gross proceeds, showcasing their significant influence and expertise in the capital markets.
- Optimistic Project Outlook: The Donlin Gold project is expected to produce over one million ounces annually over a 27-year mine life, with approximately 560 million tonnes of high-grade gold resources, further solidifying NOVAGOLD's leadership position in the precious metals sector.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
See More
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
See More
NovaGold Reports $15.6M Q4 Loss, Increases Donlin Gold Stake to 60%
- Financial Performance: NovaGold reported a net loss of $15.6 million in Q4 2025, an increase of $4.7 million from the previous year, indicating challenges in cost management and profitability that may affect investor confidence.
- Capital Raising: The company raised $259.6 million in fiscal 2025 through public offerings and private placements, enhancing financial stability and ensuring funding for ongoing operations and project development.
- Acquisition Progress: NovaGold acquired an additional 10% stake in Donlin Gold for $210.1 million, increasing its ownership to 60%, which will help enhance its control and potential returns from America's largest gold mine project.
- Project Development: The feasibility study for the Donlin Gold project is expected to take 18 months, and despite facing slight increases in strip ratio and rising administrative costs, the long-term economic potential of the project remains promising, especially against a backdrop of rising gold prices.
See More
