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

Key Points

• Rep. Lisa C. McClain disclosed purchasing $1,001–$15,000 of Novagold Resources on September 14 in a Charles Schwab 401(k) account.
• Novagold shares opened at $6.63, down 1.5%, after the company reported quarterly EPS of $(0.08), missing estimates by $0.01. The stock has a consensus “Buy” rating and an average analyst price target of $12.30.
• Institutional investors and hedge funds own 57.56% of Novagold, while several firms recently increased their positions.

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 Trading Down 1.5%

NG stock opened at $6.63 on Wednesday. The business has a fifty day moving average price of $7.59 and a 200 day moving average price of $7.64. Novagold Resources Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $14.40. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -31.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 44.51 and a quick ratio of 44.51.

Novagold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG last posted its quarterly earnings data on Thursday, October 8th. The mining company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). Analysts expect that Novagold Resources Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. B. Riley Financial began coverage on Novagold Resources in a report on Monday, August 3rd. They issued a "buy" rating and a $9.00 price target for the company. Morgan Stanley decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $12.30.

Hedge Funds Weigh In On Novagold Resources

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its holdings in Novagold Resources by 34,166.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company's stock valued at $28,000 after acquiring an additional 3,075 shares during the period. GAMMA Investing LLC lifted its position in Novagold Resources by 179.9% during the third quarter. GAMMA Investing LLC now owns 4,375 shares of the mining company's stock worth $28,000 after acquiring an additional 2,812 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Novagold Resources by 91.8% during the third quarter. Farther Finance Advisors LLC now owns 4,851 shares of the mining company's stock worth $32,000 after acquiring an additional 2,322 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Novagold Resources during the second quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Novagold Resources by 44.1% during the third quarter. Versant Capital Management Inc now owns 7,779 shares of the mining company's stock worth $51,000 after acquiring an additional 2,380 shares during the period. 57.56% of the stock is currently owned by institutional investors and hedge funds.

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.

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