Novagold Resources Inc. found using ticker (NG) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 7.5 and 7 calculating the mean target price we have 7.25. With the stocks previous close at 8.79 this would imply there is a potential downside of -17.5%. There is a 50 day moving average of 8.66 and the 200 day MA is 9.3. The market cap for the company is $3,054m. Visit the company website at: http://www.novagold.com
NovaGold Resources Inc. primarily explores for and develops gold mineral properties in the United States. Its principal asset is the 50% interest owned Donlin Gold project consisting of 493 mining claims covering an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.