NG trades 112.5% below Wall Street's consensus target of $13.60.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NG achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, NovaGold Resources Inc. (NG) has a Wall Street consensus price target of $13.60, based on estimates from 6 covering analysts. With the stock currently trading at $6.40, this represents a potential upside of +112.5%. The company has a market capitalization of $2.81B.
Analyst price targets range from a low of $13.60 to a high of $13.60, representing a 0% spread in expectations. The median target of $13.60 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, NG trades at a trailing P/E of -30.7x. Analysts expect EPS to grow +22.1% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 AUAngloGold Ashanti plc | $47.0B | $92.99 | $109.50 | +17.8% | Buy | 10.7x | 15 |
 EGOEldorado Gold Corporation | $7.6B | $35.58 | $44.67 | +25.5% | Hold | 12.7x | 24 |
 IAGIamgold Corporation | $10.8B | $18.76 | $22.75 | +21.3% | Buy | 9.5x | 31 |
 BTGB2Gold Corp. | $7.2B | $5.40 | $6.17 | +14.3% | Buy | 9.6x | 9 |
 NEMNewmont Corporation | $127.4B | $120.91 | $135.56 | +12.1% | Buy | 13.0x | 37 |
 GFIGold Fields Limited | $35.1B | $39.17 | $46.33 | +18.3% | Hold | 8.4x | 18 |
 OROR Royalties Inc. | $6.8B | $36.22 | $40.33 | +11.3% | Buy | 19.7x | 9 |
 USAUU.S. Gold Corp. | $187M | $11.33 | $26.75 | +136.1% | Buy | — | 4 |
Quick answers to the most common questions about buying NG stock.
The consensus Wall Street price target for NG is $13.6, representing 112.5% upside from the current price of $6.4. With 6 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
NG has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $13.6 implies 112.5% upside from current levels.
NG's current price is $6.4 with a consensus target of $13.6 (112.5% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $13.6 for NG, while the most conservative target is $13.6. The consensus of $13.6 represents the median expectation. These targets typically reflect 12-month expectations.
NG is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NG stock forecast based on 6 Wall Street analysts shows a consensus price target of $13.6, with estimates ranging from $13.6 (bear case) to $13.6 (bull case). The median consensus rating is "Buy".
Wall Street analysts are very optimistic on NG, with a "Buy" consensus rating and $13.6 price target (112.5% upside). 6 of 6 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NG analyst price targets range from $13.6 to $13.6, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $13.6 consensus represents the middle ground.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.