Novagold Resources (NYSEAMERICAN:NG) Stock Bought by Rep. Lisa C. McClain

Representative Lisa C. McClain (Republican-Michigan) recently bought shares of Novagold Resources Inc. (NYSEAMERICAN:NG). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Novagold Resources stock on September 14th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
• Sold $15,001 – $50,000 in shares of Seagate Technology (NASDAQ:STX) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
• Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of Transocean (NYSE:RIG) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.

Novagold Resources Stock Performance

NG stock traded down $0.48 during midday trading on Wednesday, reaching $6.14. The stock had a trading volume of 3,343,101 shares, compared to its average volume of 4,369,223. The stock has a market cap of $2.70 billion, a PE ratio of -29.26 and a beta of 0.95. Novagold Resources Inc. has a 52-week low of $5.07 and a 52-week high of $14.40. The firm has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $7.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 44.51 and a current ratio of 44.51.

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Thursday, October 8th. The mining company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). As a group, equities research analysts anticipate that Novagold Resources Inc. will post -0.13 EPS for the current year.

Institutional Trading of Novagold Resources

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Novagold Resources in the 3rd quarter worth approximately $49,000. Mirador Capital Partners LP acquired a new stake in shares of Novagold Resources in the third quarter worth $1,231,000. GAMMA Investing LLC raised its stake in Novagold Resources by 179.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,375 shares of the mining company’s stock valued at $28,000 after purchasing an additional 2,812 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Novagold Resources by 91.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,851 shares of the mining company’s stock valued at $32,000 after buying an additional 2,322 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Novagold Resources during the third quarter valued at $65,000. Institutional investors own 57.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Novagold Resources from $13.60 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. B. Riley Financial initiated coverage on shares of Novagold Resources in a research report on Monday, August 3rd. They set a “buy” rating and a $9.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Novagold Resources has an average rating of “Buy” and a consensus target price of $12.30.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Novagold Resources

Novagold Resources Inc is a Canada-based precious metals exploration and development company focused on advancing the Donlin Gold project in southwest Alaska. The project is held through Donlin Gold LLC, which is owned equally by Novagold and Barrick Gold Corporation. Donlin Gold is one of the largest undeveloped gold deposits in the world and is located on lands owned by the Calista Corporation and The Kuskokwim Corporation.

Novagold does not currently operate producing mines. Its primary activities include project evaluation, permitting, technical studies, exploration, and community and stakeholder engagement related to Donlin Gold.