Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation of selling them at even higher prices. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
Novagold's Performance: Novagold (NG) has a Momentum Style Score of B and a Zacks Rank of #2 (Buy), with significant price increases over various time frames, including a 190.41% rise in the past year, outperforming the S&P 500.
Earnings Estimate Revisions: Recent trends show positive earnings estimate revisions for Novagold, with one estimate moving higher in the last two months, indicating potential for future growth.
Investment Recommendations: Zacks Investment Research highlights Novagold as a promising pick for investors seeking momentum stocks, alongside other top stock recommendations with high growth potential.
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
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 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.490
Low
10.90
Averages
13.96
High
17.44
Current: 10.490
Low
10.90
Averages
13.96
High
17.44
JPMorgan
NULL -> Overweight
maintain
2025-12-05
Reason
JPMorgan
Price Target
AI Analysis
2025-12-05
maintain
NULL -> Overweight
Reason
JPMorgan raised the firm's price target on National Grid to 1,250 GBp from 1,225 GBp and keeps an Overweight rating on the shares.
BMO Capital
Outperform
initiated
$24
2025-11-04
Reason
BMO Capital
Price Target
$24
2025-11-04
initiated
Outperform
Reason
BMO Capital initiated coverage of NovaGold with an Outperform rating and C$24 price target. The company is advancing the Donlin Gold project in Alaska, which is one of the largest undeveloped gold assets in the world, the analyst tells investors in a research note. The firm says Donlin is in a "safe, tier-1 jurisdiction, which should enhance investor appeal." BMO expects a "significant re-rating" of the shares as the bankable feasibility study and financing progresses.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for NG
Unlock Now
National Bank
Sector Perform -> Outperform
upgrade
$15
2025-10-29
Reason
National Bank
Price Target
$15
2025-10-29
upgrade
Sector Perform -> Outperform
Reason
National Bank upgraded NovaGold to Outperform from Sector Perform with an unchanged price target of C$15.
Citi
Buy
upgrade
$7
2025-10-15
Reason
Citi
Price Target
$7
2025-10-15
upgrade
Buy
Reason
Citi raised the firm's price target on NovaGold to $12.50 from $7 and keeps a Buy rating on the shares. The firm upped price targets in the gold sector to reflect its latest gold price forecasts. Citi is bullish on gold in the short-term due to "cyclical and tactical tailwinds."
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.
