NG, CA66987E2069

NovaGold Resources stock sits 49.23 percent below Morgan Stanley's USD 13.00 target

Published on 10/17/2026 at 20:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

52-week high was USD 14.40 on October 16, 2026. NovaGold Resources stock closed at USD 6.60 on October 16, 2026, up 0.61 percent on NYSE American.

Target and shareholder vote

On October 7, 2026, Morgan Stanley kept its Overweight rating and set a USD 13.00 target.
NovaGold Resources stock stood 54.17 percent below its 52-week high on October 16, 2026.
NovaGold Resources stock closed at USD 6.60 at 4:00 p.m. EDT on October 16, 2026, up 0.61 percent on NYSE American.
Shareholders are scheduled to vote on the restructuring on November 3, 2026.

NG, CA66987E2069, Illustration mit AI erstellt.

Morgan Stanley kept its Overweight rating on NovaGold Resources and set a USD 13.00 target on October 7, 2026, down from USD 13.60, according to MarketBeat. The target sits 49.23 percent above NovaGold's USD 6.60 closing price. NovaGold's NYSE American closing price was USD 6.60 on October 16, 2026 at 4:00 p.m. EDT, up 0.61 percent versus the prior close of USD 6.56.

Annual range keeps the stock under pressure

NovaGold's 52-week range was USD 3.37 to USD 14.40 on October 16, 2026. The closing price was 54.17 percent below the high and 95.85 percent above the low, placing the stock nearer the bottom than the top of its annual band.

Trading volume reached 3,994,064 shares on October 16, 2026, compared with an average volume of 5,547,609 shares. That session volume was 28.00 percent below the average, giving the closing move limited confirmation from turnover.

Losses and cash frame valuation

NovaGold reported a net loss attributable to common shareholders of USD 36.04 million for the quarter ended August 31, 2026, or diluted earnings per share of minus USD 0.08. Cash and cash equivalents stood at USD 146.39 million at the same reporting date.

The company carried a market capitalization of USD 2.90 billion on October 16, 2026. Its price-to-earnings ratio was minus 30.21, while the absence of positive earnings keeps the analyst target as the clearest valuation reference.

Comparison with peers

NovaGold Resources (NYSE American, USD): up 0.61 percent, P/E minus 30.21, market capitalization USD 2.90 billion.

Barrick Mining Corporation (NYSE, USD): up 0.67 percent, P/E 10.49, market capitalization USD 67.2 billion.

Newmont Corporation (NYSE, USD): up 2.43 percent, P/E 14.94, market capitalization USD 125.0 billion.

November vote sets the next date

On October 5, 2026, NovaGold filed materials for a special shareholder meeting scheduled for November 3, 2026, according to the company's filing with the SEC. The meeting concerns the proposed restructuring and related transactions.

Closing level and valuation

NovaGold closed at USD 6.60 on NYSE American on October 16, 2026 at 4:00 p.m. EDT, up 0.61 percent from USD 6.56. The stock's USD 14.40 annual high and the USD 13.00 Morgan Stanley target remain materially above that close.