NG:TSX; NG:NYSE.MKT

NOVAGOLD

NOVAGOLD is a well-financed precious metals company engaged in the exploration and development of mineral properties in North America. The company is focused on permitting and developing its 50%-owned flagship property, Donlin Gold, one of the world's largest known undeveloped gold deposits. The Donlin Gold project commenced permitting in 2012, a clearly defined process expected to take approximately five years. NOVAGOLD is also committed to maximizing value of its non-core assets and is currently exploring opportunities to sell its interest in the Galore Creek copper-gold-silver project in British Columbia, Canada.
NG:TSX NG:NYSE.MKT

Expert Comments:

Raj Ray, National Bank Financial (6/28/16)
"Permitting activities for NOVAGOLD's Donlin Gold project in Alaska continue to move forward. . .the company continues to maintain a strong financial position with cash and term deposits of ~US$112M at the end of fiscal Q2/16, expected to be more than sufficient to complete permitting of Donlin Gold. The strong cash balance also provides optionality protection over the next few years. . .We are maintaining a Sector Perform rating and target price of Cdn$8.00."

Jefferson Research (4/1/16)
"NOVAGOLD is showing strong earnings quality, operating efficiency and balance sheet quality, and valuation suggests a lower amount of price risk. . .the company's stock deserves a Buy rating. . .the primary reason the overall rating improved during the last quarter was an improvement in the balance sheet rating due to strengthening receivable and inventory positions. Another factor in the upgraded overall rating was an improved operating efficiency rating."

John Bridges, J.P. Morgan (2/28/16)
"Investors in NOVAGOLD should be well positioned to derive a lot of value from the successful and timely development of Donlin Gold."

John Hathaway, Tocqueville Asset Management L.P. (2/28/16)
"An important aspect about NOVAGOLD that I am quite bullish about: the environment in which Donlin gold would be nearing production; what I mean is the current atmosphere of low gold discovery rates, particularly in safe jurisdictions. Shrinking mine lives of existing operations and the ever-increasing complexities of putting new mines into production could be hugely beneficial to NOVAGOLD as it gets closer to bringing its new long-life, low-cost gold mine into production."

Jefferson Research (2/26/16)
"The earnings quality for NG remains strongest. . .the company's quality of net income earnings is extremely high. . .the operating efficiency rating for NOVAGOLD improved from strong to strongest."

"NOVAGOLD went from $0.09/share in 2001 to $1/share six months later when nobody wanted to own resource stocks. It went up 1,000%, and then it went on to go up 20 times higher again. It went up 20,000%. The person running NOVAGOLD, the chairman of the board, is Thomas Kaplan from New York. He's one of the brightest guys in the industry. . .you're buying really excellent management." read more >

More Expert Comments

Experts Following This Company

John Bridges, Analyst – J.P. Morgan
Marc Davis, Editor – Business News Wire
Adrian Day, Founder – Adrian Day Asset Management
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Brad Mills, Fund Manager/CEO – Plinian Capital
Bob Moriarty, Author 321 Gold
Raj Ray, Analyst – National Bank of Canada
Philip Richards, Fund Manager – RAB Capital Limited
Stephen Walker, Analyst – RBC Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
High-grade deposits with excellent production profiles and exploration upside
 
Safest leverage to gold, assets located in top-rated mining jurisdictions
 
Supportive, loyal and engaged stakeholders