Novagold Resources Inc. with ticker code (NG) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 7.5 and 7 calculating the average target price we see 7.25. With the stocks previous close at 11.31 this now indicates there is a potential downside of -35.9%. The 50 day moving average now sits at 11.28 and the 200 day moving average is 8.85. The company has a market cap of $3,815m. You can visit the company’s website by visiting: 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.