NG Should I Buy
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NovaGold Resources Inc (NG) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's flagship Donlin gold project is a world-class asset with strong growth potential, supported by positive analyst ratings and recent developments. While the financials show negative net income, the YoY improvement and strategic project advancements make it a compelling long-term investment.
The technical indicators suggest a bullish trend. The MACD is positive and contracting, the RSI is neutral at 51.213, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading above its pivot level of 9.892, with resistance levels at 11.305 and 12.177.
Positive analyst ratings, including Scotiabank's Outperform rating and a price target of C$
Selection of Fluor and Paulson & Co. for feasibility studies on the Donlin gold project, which is one of the largest undeveloped gold deposits in the U.S.
Recent stock price increase of 7.5% due to project advancements.
Financials show negative net income and EPS, although both have improved YoY.
Stock trend analysis indicates a potential short-term decline of -0.35% in the next day and -4.46% in the next month.
In Q4 2025, the company reported no revenue growth (0% YoY), but net income improved by 43.85% YoY to -$15.62 million. EPS increased by 33.33% YoY to -0.04. While the financials remain negative, the YoY improvements are a positive sign.
Analysts are bullish on NovaGold. Scotiabank initiated coverage with an Outperform rating and a C$21 price target, citing the Donlin gold project as a world-class asset. B. Riley also raised its price target to $13 from $11, reflecting optimism about commodity market dynamics and the company's strategic position.
