Novagold Resources (NYSEAMERICAN:NG) Shares 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 Down 6.0%

Shares of NYSEAMERICAN:NG opened at $6.23 on Thursday. The company has a market capitalization of $2.73 billion, a PE ratio of -29.67 and a beta of 0.95. The company has a current ratio of 44.51, a quick ratio of 44.51 and a debt-to-equity ratio of 0.46. Novagold Resources Inc. has a twelve month low of $5.07 and a twelve month high of $14.40. The firm has a 50 day simple moving average of $7.58 and a 200-day simple moving average of $7.63.

Novagold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its earnings results on Thursday, October 8th. The mining company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). On average, equities analysts predict that Novagold Resources Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NG has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Novagold Resources from $13.60 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. B. Riley Financial initiated coverage on Novagold Resources in a report on Monday, August 3rd. They set a “buy” rating and a $9.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Novagold Resources presently has a consensus rating of “Buy” and an average target price of $12.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of Novagold Resources by 34,166.7% during the first quarter. Sunbelt Securities Inc. now owns 3,084 shares of the mining company’s stock worth $28,000 after acquiring an additional 3,075 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Novagold Resources by 179.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,375 shares of the mining company’s stock valued at $28,000 after acquiring an additional 2,812 shares during the period. Farther Finance Advisors LLC boosted its stake in Novagold Resources by 91.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,851 shares of the mining company’s stock worth $32,000 after purchasing an additional 2,322 shares during the period. Harbor Investment Advisory LLC acquired a new position in Novagold Resources in the second quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Novagold Resources during the third quarter worth about $49,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

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.