NOVAGOLD Resources Inc.

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.

Expert Comments:

Jefferson Research (5/19/17)
"NOVAGOLD Resources Ltd. is showing strong earnings quality, balance sheet quality and operating efficiency, and valuation suggests a lower amount of price risk. . .when combined, the company deserves a Buy rating."

Jefferson Research (4/21/17)
"NOVAGOLD Resources Inc. is showing strong earnings quality, balance sheet quality and operating efficiency, and valuation suggests a lower amount of price risk. . .when combined, the company deserves a Buy rating. . .the earnings quality for NOVAGOLD remains the strongest."

The release of NOVAGOLD's first quarter results has analyst Raj Ray of National Bank Financial highlighting that permitting for the Donlin Gold project is entering its final stage.
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Raj Ray, National Bank of Canada (4/4/17)
"Permitting activities for NOVAGOLD Resources Inc.'s Donlin gold project (50% NOVAGOLD, 50% Barrick) in Alaska continue to move forward. . .the company continues to maintain a strong financial position with cash and term deposits of $98M at the end of Q1 FY17 ($105M at the end of Q4 FY16), which we believe is sufficient to complete permitting of Donlin gold."

NOVAGOLD's announcement that it is nearing the end of the Environmental Impact Statement process at its 50%-owned Donlin Gold project in Alaska was welcomed by a pair of observers.
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Eric Muschinski, Gold Investment Letter (1/26/17)
"A few months ago I put out a brief report out on our blog and initiated a buy recommendation on NOVAGOLD Resources Inc. at $4.05 US. . .the share price is up about 23% since then($5.20 now) but I believe the upside on this stock is enormous. . .this is a stock that you can comfortably own IN SIZE because of its mature stage of development, liquidity, and pedigree; i'll go out on a limb here.....NG will hit $50 per share within 5 years. . .you heard it here first!. . .NG joins MUX as one of my top 3 holdings with market values over $1 billion."

Raj Ray, National Bank Financial (1/25/17)
"We view NOVAGOLD as a long-dated option on the gold price that offers investors long-term exposure to a large-scale open-pit deposit in a stable jurisdiction which could assume significance if our forecast for industry-wide production decline play out over the next few years. . .we expect gold developers to remain in focus as investors look for a solution for looming production declines in the gold space. . .we contend that a favorable construction decision on the Donlin project will depend on the project among other things on a sustained period of strong gold price. . .as a result we continue to maintain Sector Perform rating."

"NOVAGOLD is in a unique position in that it has a 50% interest in a huge gold deposit in the Donlin Gold project, located in Alaska, that offers investors not just a sizable resource but a favorable jurisdiction where a mining company can operate. Alaska is resource-development friendly. NOVAGOLD's management has been very pragmatic and studious in their development of Donlin. I think it's going to offer investors a very good return over the long term. We're very much on board with its plans and activities as it goes through the process of permitting and developing Donlin. NOVAGOLD is going through the permitting process for the Donlin Gold project in a very methodical way, while also making sure the community is informed and involved in the project. The U.S. Army Corps of Engineers is overseeing the process for the Environmental Impact Statement and is now reviewing the comments from the public comment period. Various permits are also being advanced with state and federal agencies—such as water discharge, wetlands, air quality, water use and fish habitat permits and other approvals that will give them right-of-way access. Meanwhile, NOVAGOLD has been very engaged in community outreach among local stakeholders. The work and benefit from that effort cannot be underestimated. NOVAGOLD has made it a priority, and rightly so, to involve the local community from early on in the project. That's a good thing for investors waiting to realize the tremendous value that resides in the Donlin Gold resource with its 39 million ounces. And while most of management's effort to realize value is focused on the Donlin Gold project, it appears to us that investors have totally discounted NOVAGOLD’S 50% interest in Galore Creek, which could someday be one of Canada's largest and lowest-cost copper mines." read more >

More Expert Comments

Experts Following This Company

Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Eric Muschinski – Phenom Ventures LLC
Raj Ray, Analyst – National Bank of Canada

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