With an upside potential of 60.8%, NovaGold Resources Inc. (NYSEAMERICAN:NG) is among the 10 Best Gold Mining Companies to Invest In According to Wall Street.

On March 27, Canaccord Genuity initiated coverage of NovaGold Resources Inc. (NYSEAMERICAN:NG) with a Speculative Buy rating and a $13 price target. The firm cited the company’s 50% interest in the Donlin Gold project in Alaska, describing the asset as uniquely positioned within the global gold sector because of its size, grade, jurisdiction, and local support.

Reported on March 13, NovaGold Resources Inc. (NYSEAMERICAN:NG) and Paulson’s Donlin Gold Holdings awarded major engineering contracts to WSP, Worley, and Hatch to advance critical infrastructure and processing work for the project’s updated bankable feasibility study. Management’s selection of globally recognized engineering firms strengthens the technical foundation of Donlin Gold and supports its progression toward potential development as a major U.S. mine.

NovaGold Resources Inc. (NYSEAMERICAN:NG) is a Vancouver-based precious metals company established on December 5, 1984. It operates as a gold development company focused on advancing the Donlin Gold project in Alaska, one of the world’s largest high-grade undeveloped open-pit gold deposits, through a partnership with Barrick Gold Corporation.

NovaGold Resources Inc. (NYSEAMERICAN:NG) boasts growing analyst support and continued engineering progress indicates increasing momentum behind the Donlin project. If the asset advances toward construction in a strong gold price environment, the company may offer substantial long-term upside.

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