5 Best Mid Cap Stocks to Invest In According to Billionaires

In this article, we look at the 5 best mid cap stocks to invest in according to billionaies. If you want to see the full list and how we came up with the list, visit 10 Best Mid Cap Stocks to Invest In According to Billionaires.

5. NovaGold Resources Inc. (NYSE:NG)

Number of Billionaire Holdings: 12

Market Cap: $4.10 billion

NovaGold Resources Inc. (NYSE:NG) is one of the best mid cap stocks.

TheFly reported on April 8 that Morgan Stanley began coverage of NG, assigning an Overweight rating along with a price target of $13.80. The firm highlighted progress at the Donlin Gold project in Alaska, noting its high-grade profile and large scale as a key long-term growth driver. It also pointed to favorable market conditions for gold, supported by broader currency weakness, as a supportive backdrop for the asset’s development and valuation potential.

On April 1, NovaGold Resources Inc. (NYSE:NG) filed its first-quarter report for fiscal 2026 and provided an update on its Donlin Gold development project in Alaska. The company reported cash and term deposits of approximately $392.5 million as of February 28, 2026, alongside net operating cash expenditures of $20.8 million for the quarter, including funding for its share of project development and corporate expenses.

It also recorded a quarterly loss of $15.4 million, or $0.04 per share, reflecting increased spending tied to early feasibility work and ongoing administrative costs. During the period, NG advanced key development activities at Donlin Gold, including engineering partnerships and infrastructure planning, while continuing permitting and regulatory progress. The business also emphasized sustained engagement with local communities and stakeholders as part of its broader long-term project development strategy.

NovaGold Resources Inc. (NYSE:NG) is a precious metals company focused on the exploration and development of gold projects in North America. Its flagship asset is the Donlin Gold project in Alaska, one of the largest undeveloped gold resources globally, developed in partnership with Barrick Gold.