NovaGold Resources Receives Consensus 'Buy' Rating

Analysts see strong potential in the mining company's Donlin Gold project in Alaska.

Published on Feb. 6, 2026

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NovaGold Resources Inc. (TSE:NG) has received a consensus 'Buy' rating from five brokerages currently covering the company. One analyst has a 'Hold' recommendation, while two have 'Buy' and two have 'Strong Buy' ratings on the stock. The average 12-month price target among analysts is C$18.00.

Why it matters

NovaGold's Donlin Gold project in Alaska is a major asset that has drawn significant analyst interest. The positive ratings and price targets suggest Wall Street sees strong potential in the company's flagship development.

The details

Several analysts have weighed in on NovaGold recently. Scotiabank set a C$21.00 price target and an 'Outperform' rating. National Bank Financial upgraded the stock to 'Outperform' and set a C$15.00 price target. BMO Capital Markets also upgraded NovaGold to a 'Strong Buy' rating.

  • NovaGold reported its latest earnings on January 22, 2026.
  • The most recent analyst ratings and price targets were issued in early February 2026.

The players

NovaGold Resources Inc.

A mineral exploration company focused on the development of the Donlin Gold project in Alaska.

Scotiabank

A Canadian multinational bank that provided an 'Outperform' rating and C$21.00 price target for NovaGold.

National Bank Financial

A Canadian investment bank that upgraded NovaGold to 'Outperform' and set a C$15.00 price target.

BMO Capital Markets

The investment banking arm of Bank of Montreal that upgraded NovaGold to a 'Strong Buy' rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

The positive analyst sentiment around NovaGold's Donlin Gold project suggests the company's flagship asset has significant potential to drive shareholder value, despite the stock's recent volatility.