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

Group 1 - B. Riley raised the price target on NovaGold (NG) to $13 from $11 while maintaining a Buy rating on the shares [1] - Commodity markets experienced broad strengthening, with notable increases in aluminum, steel, met coal, power prices, and select critical minerals due to tight supply and strong demand [1] - Tungsten prices spiked to record highs, indicating significant market dynamics that support higher estimates and price targets for select metals [1] Group 2 - Coal's reliability during demand surges was highlighted, emphasizing its importance in the current market environment [1] - There is growing government support for domestic critical minerals, despite the presence of near-term equity volatility [1]