NovaGold Resources stock eyes full Donlin ownership

NovaGold Resources stock was trading at USD 6.50 on NYSE American on September 30, 2026 at 12:43 p.m. ET, while its market capitalization stood at USD 2.9 billion. As Yahoo Finance reported on September 29, 2026, NovaGold expects to acquire Paulson's 40% interest in Donlin Gold and become the project's sole owner.

Donlin ownership could reach 100%

The proposed all-share transaction would lift NovaGold's stake from 60% to 100% if it closes as planned in December. The deal remains subject to customary regulatory approvals, and Paulson's interest would be exchanged for NovaGold shares at a 10% discount to implied value, according to Yahoo Finance.

For investors, the structure changes the central question from joint ownership to execution. Full control could simplify governance, but permitting, financing and the feasibility study still determine how quickly Donlin can move toward construction.

Quarterly loss keeps execution central

NovaGold reported a diluted loss of USD 0.06 per share for Q2 2026, the latest quarter cited by MarketBeat. That loss matters because Donlin remains a development project rather than an operating mine, leaving the company's value tied to project progress and future funding decisions.

Analysts set USD 12.42 target

MarketBeat reported on September 25, 2026 that nine firms carried a consensus Buy rating and an average 12-month target of USD 12.42. The target is 91.08 percent above the USD 6.50 NYSE American price, while the 52-week range runs from USD 5.08 to USD 14.40.

Next report is set for October 8

NovaGold's market capitalization was USD 2.9 billion on September 30, 2026, based on its NYSE American quotation. MarketBeat lists the Q3 2026 report for October 8, 2026, before market open, giving investors the next scheduled checkpoint on the Donlin strategy and the company's cash position.