Fintel reports that on April 9, 2026, Morgan Stanley initiated coverage of NovaGold Resources (NYSEAM:NG) with a Overweight recommendation.
Analyst Price Forecast Suggests 77.12% Upside
As of March 27, 2026, the average one-year price target for NovaGold Resources is $16.40/share. The forecasts range from a low of $10.10 to a high of $30.26. The average price target represents an increase of 77.12% from its latest reported closing price of $9.26 / share.
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The projected annual revenue for NovaGold Resources is 0MM. The projected annual non-GAAP EPS is -0.15.
What is the Fund Sentiment?
There are 241 funds or institutions reporting positions in NovaGold Resources. This is an decrease of 87 owner(s) or 26.52% in the last quarter. Average portfolio weight of all funds dedicated to NG is 0.45%, an increase of 196.82%. Total shares owned by institutions increased in the last three months by 6.35% to 332,808K shares. 
The put/call ratio of NG is 0.21, indicating a bullish outlook.
What are Other Shareholders Doing?
Electrum Group holds 92,903K shares representing 21.17% ownership of the company.
Exor Capital LLP holds 35,197K shares representing 8.02% ownership of the company. In its prior filing, the firm reported owning 35,112K shares , representing an increase of 0.24%. The firm increased its portfolio allocation in NG by 0.11% over the last quarter.
Paulson holds 27,238K shares representing 6.21% ownership of the company. No change in the last quarter.
Capital World Investors holds 12,333K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 17,666K shares , representing a decrease of 43.24%. The firm decreased its portfolio allocation in NG by 26.39% over the last quarter.
First Eagle Investment Management holds 9,177K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 11,812K shares , representing a decrease of 28.71%. The firm decreased its portfolio allocation in NG by 20.72% over the last quarter.
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