NovaGold Reports $15.6M Q4 Loss, Increases Donlin Gold Stake to 60%

Written by Emily J. Thompson, Senior Investment Analyst

NG-3.89%

Source: Yahoo Finance

Updated: 6d ago

0mins

Source: Yahoo Finance

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.

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NG

$10.86+Infinity%1D

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: 11.300

Low

10.90

Averages

13.96

High

17.44

Current: 11.300

Low

10.90

Averages

13.96

High

17.44

B. Riley

maintain

$11 -> $13

2026-01-27

New

Reason

B. Riley

Price Target

$11 -> $13

AI Analysis

2026-01-27

New

maintain

Reason

B. Riley raised the firm's price target on NovaGold to $13 from $11 and keeps a Buy rating on the shares. Commodity markets strengthened broadly, with aluminum, steel, met coal, power prices, and select critical minerals rising on tight supply, strong demand, and weather-driven disruptions, while tungsten posted a sharp spike to record highs, the analyst tells investors in a research note. These dynamics supported higher estimates and price targets for select metals names, highlighted coal's reliability during demand surges, and underscored growing government support for domestic critical minerals despite near-term equity volatility, the firm says.

JPMorgan

NULL -> Overweight

maintain

2025-12-05

Reason

JPMorgan

Price Target

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.

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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.