NG, CA66987E2069

Morgan Stanley cuts target from USD 13.60 to USD 13.00 for NovaGold Resources stock

Published on 10/15/2026 at 23:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NG spans USD 5.08 to USD 14.40 on October 15, 2026. NovaGold Resources stock costs EUR 5.85 on October 15, 2026, up 5.30 percent on NYSE American.

Target and price position

Morgan Stanley lowered its NovaGold target from USD 13.60 to USD 13.00 on October 7, 2026.
NovaGold's 52-week range was USD 5.08 to USD 14.40 on October 15, 2026.
NovaGold stock costs EUR 5.85 at Lang & Schwarz on October 15, 2026 at 10:58 p.m. CEST, up 5.30 percent on the day on NYSE American.
The consensus target was USD 12.30 on October 14, 2026.

NG, CA66987E2069, Illustration mit AI erstellt.

Morgan Stanley cut its NovaGold Resources target from USD 13.60 to USD 13.00 on October 7, 2026, while keeping an Overweight rating, according to Yahoo Finance. The revised target stood 98.17 percent above the USD 6.56 home-exchange price. At Lang & Schwarz, NovaGold Resources was trading at EUR 5.85 on October 15, 2026 at 10:58 p.m. CEST; the NYSE American quote was up 5.30 percent that day.

Target cut leaves room

The target reduction still leaves a wide gap between the analyst view and the market quotation. The USD 13.00 target is 98.17 percent above the USD 6.56 price on October 15, 2026, making the analyst distance the clearest valuation figure for the stock.

Range and volume on October 15

NovaGold's 52-week range ran from USD 5.08 to USD 14.40 on October 15, 2026. The home-exchange price was 29.13 percent above the low and 54.44 percent below the high. Trading volume reached 4,185,240 shares, against an average of 5,534,300 shares.

The company's fiscal year ended November 30, 2025, with a net loss of USD 94.7 million, compared with USD 45.6 million in fiscal 2024. Cash and cash equivalents were USD 110.1 million at November 30, 2025, versus USD 59.0 million a year earlier.

Valuation and upcoming dates

MarketBeat reported a consensus Buy rating and an average target of USD 12.30 on October 14, 2026. NovaGold's market capitalization was USD 2.9 billion on October 15, 2026. The company had scheduled a November 3, 2026 shareholder vote concerning Donlin Gold ownership, a date listed in the company's recent investor coverage.

Comparison with peers

NovaGold Resources (NYSE American, USD): plus 5.30 percent, market capitalization USD 2.9 billion.
Kinross Gold (NYSE, USD): plus 7.24 percent, P/E 9.14, market capitalization USD 28.3 billion.
Newmont (NYSE, USD): plus 3.79 percent, P/E 14.58, market capitalization USD 122.0 billion.

Euro quote and market setting

The euro quotation puts NovaGold below the midpoint of its recent trading picture, while the home-market valuation remains far below the analyst targets cited above. The next investor date is the November 3, 2026 vote.

NovaGold Resources was trading at EUR 5.85 at Lang & Schwarz on October 15, 2026 at 10:58 p.m. CEST. The NYSE American quotation was up 5.30 percent on October 15, 2026, while the US market value stood at USD 2.9 billion.

The further course of trading is shown by the continuously updated real-time quote of NovaGold Resources stock.