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

B. Riley raised the firm’s price target on NovaGold (NG) to $13 from $11 and keeps a Buy rating on the shares. Commodity markets strengthened broadly, with aluminum, steel, met coal, power prices, and select critical minerals rising on tight supply, strong demand, and weather-driven disruptions, while tungsten posted a sharp spike to record highs, the analyst tells investors in a research note. These dynamics supported higher estimates and price targets for select metals names, highlighted coal’s reliabili ...