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 four 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:

"One company that Bob Moriarty thinks gets the 'buy low, sell high' idea is NOVAGOLD. 'This was a $0.09 stock in the summer of 2001. The company did a joint venture deal in Alaska with Placer Dome that required it to spend $6M in eight years. NOVAGOLD did all the work in 18 months and ended with a $20 stock. That's exactly the kind of aggressive company you want to look for right now,' Moriarty says." read more >

"NOVAGOLD has $130M in cash to advance its Donlin gold project in Alaska. We quite like NOVAGOLD." read more >

Jefferson Research (10/30/15)
"NOVAGOLD is showing strong earnings quality and operating efficiency, and valuation suggests a lower amount of price risk. . .the earnings quality for the company remains strongest."

"NOVAGOLD: Permitting is taking place. It's definitely a sign of progress. It is not a market-moving kind of event, but it's necessary. I look at NOVAGOLD as an option on the gold price. We know it has the ability to produce half a million ounces a year. That's enormous. If you went to UBS or Morgan Stanley and tried to get a 10-year call on gold prices, first of all, they'd laugh at you, but if they did actually give you a quote, it would be very expensive. If you compare that to what you get with NOVAGOLD, it's a perpetual call on the gold price with what could be one of the world-class gold mining assets, but it won't get built until the gold price is right. read more >

Jefferson Research (10/16/15)
"NOVAGOLD is showing strong earnings quality and operating efficiency, and valuation suggests a lower amount of price risk. . .with an adjusted net income of $5.0M in the last quarter that was greater than the reported number, the company's quality of net income earnings is extremely high. . .the rating for NOVAGOLD is already a Strongest, the best possible rating. . .the operating efficiency rating for NOVAGOLD remains Strong. . .the stock's valuation rating remains a Least Risk."

Stephen Walker, RBC Capital Markets (10/6/15)
"NovaGold still expects to file the Donlin draft environmental impact statement (EIS) around year-end 2015, which will trigger a five-month period for public comment before the final EIS is submitted. . .we forecast sufficient financial capacity for the company to fund the Donlin gold project through receipt of the final EIS permit in 2017."

More Expert Comments

Experts Following This Company

John Bridges, Analyst – J.P. Morgan
Adrian Day, Founder – Adrian Day Asset Management
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
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 and other contributors. Please contact the company and visit its website before making an investment decision.
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