12 Best Gold Stocks to Buy According to Analysts

5. NovaGold Resources Inc. (NYSE:NG)

NovaGold Resources Inc. (NYSE:NG) is one of the best gold stocks to buy, according to analysts. On February 9, NovaGold Resources Inc. (NYSE:NG) and Donlin Gold Holdings selected Fluor Corporation to lead the Bankable Feasibility Study for the Donlin Gold Project in Alaska.

The selection marks an important milestone in advancing the Donlin Gold project as Fluor boasts of an impressive track record in delivering complex projects on schedule and within budget. Fluor is committed to delivering an integrated high-quality study with emphasis on safety, sustainability, quality, cost accuracy, constructability, and execution readiness.

Fluor is to release a more detailed schedule and budget of the Bankable Feasibility Study in the coming months. The study will also pave the way for steady and deliberate development of the Donlin Gold project, which is one of NovaGold Resources’ flagship projects with approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories.

Earlier on February 5, NovaGold Resources generated $310 million in gross proceeds from a private placement of 31.02 million common shares. The company is to use net proceeds from the offering to advance the development of the Donlin gold project and to prepay or issue a promissory note to Barrick Mining Corporation.

NovaGold Resources Inc. (NYSE:NG) is a Vancouver-based precious metals company focused on developing the Donlin Gold project in Alaska, one of the world’s largest and highest-grade known undeveloped open-pit gold deposits. It is a “pure-play” gold developer, operating in partnership with Barrick Gold Corporation to advance this project through permitting, engineering, and environmental studies.