Novagold Resources Inc. with ticker code (NG) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 7.5 and 7 with a mean TP of 7.25. Given that the stocks previous close was at 10.48 this would indicate that there is a downside of -30.8%. The day 50 moving average is 9.26 and the 200 moving average now moves to 9.38. The market cap for the company is $3,545m. Company Website: 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.