NovaGold price target raised to $13 from $11 at B. Riley

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Wed, January 28, 2026 astatine 7:26 AM CST 1 min read

B. Riley raised the firm’s price target connected NovaGold (NG) to $13 from $11 and keeps a Buy standing connected the shares. Commodity markets strengthened broadly, with aluminum, steel, met coal, powerfulness prices, and prime captious minerals rising connected choky supply, beardown demand, and weather-driven disruptions, portion tungsten posted a crisp spike to grounds highs, the expert tells investors successful a probe note. These dynamics supported higher estimates and terms targets for prime metals names, highlighted coal’s reliability during request surges, and underscored increasing authorities enactment for home captious minerals contempt near-term equity volatility, the steadfast says.

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