Sep 21, 2026
NovaGold Resources (NG) Plunged 36.9%: Is the Gold Stock Now Undervalued?
NovaGold Resources Inc. (NG) shares plunged 36.9% in Q2 2026, leading to a 0.5% detraction for Kopernik Global All-Cap Fund, which holds the stock. Despite the decline and a challenging quarter for the fund due to momentum-driven markets and falling precious metals prices, Kopernik views the correction as an opportunity to add to undervalued assets. The company is a gold development company primarily focused on its Donlin Gold project in Alaska.
Company relevance
100.00%
Company sentiment
Bearish
Overall sentiment
Bearish