The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Novagold Resources Inc shares valued at $50,000,002 were purchased by Electrum Strategic Resources L on May 09 ’25. At $3.75 per share, Electrum Strategic Resources L acquired 13,333,334 shares. The insider’s holdings grew to 92,902,813 shares worth approximately $343.74 million following the completion of this transaction.
As published in a research note from RBC Capital Mkts on June 04, 2025, Novagold Resources Inc [NG] has been rated up from a Sector perform to an Outperform and the price target has been revised to $7. Analysts at National Bank Financial started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. Earlier on December 19, 2017, B. Riley FBR Inc. initiated its rating. Their recommendation was “a Buy” for NG stock.
Analyzing NG Stock Performance
On last trading session,, Novagold Resources Inc [AMEX: NG] plunged -5.13% to $3.7. The stock’s lowest price that day was $3.613, but it reached a high of $3.935 in the same session. During the last five days, there has been a drop of approximately -15.72%. Over the course of the year, Novagold Resources Inc shares have jumped approximately 10.45%. Shares of the company reached a 52-week high of $5.06 on 04/24/25 and a 52-week low of $2.26 on 04/08/25.
Support And Resistance Levels for Novagold Resources Inc (NG)
According to the 24-hour chart, there is a support level at 3.56, which, if violated, would cause prices to drop to 3.42. In the upper region, resistance lies at 3.89. The next price resistance is at 4.07. RSI (Relative Strength Index) is 40.35 on the 14-day chart, showing neutral technical sentiment.
Is Novagold Resources Inc subject to short interest?
Stocks of Novagold Resources Inc saw a sharp rise in short interest on 2025-05-30 jumping by 1.75 million shares to 11.38 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 9.62 million shares. A jump of 15.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.29 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.29.
Which companies own the most shares of Novagold Resources Inc (NG)?
In terms of Novagold Resources Inc share price expectations, FactSet research, analysts set an average price target of 5.25 in the next 12 months, up nearly 34.62% from the previous closing price of $3.9. Analysts anticipate Novagold Resources Inc stock to reach 5.25 by 2025, with the lowest price target being 5.25. In spite of this, 1 analysts ranked Novagold Resources Inc stock as Buy at the end of 2025.
