Novagold Resources Inc. – Consensus Indicates Potential -33.7% Downside

Broker Ratings

Novagold Resources Inc. with ticker code (NG) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 7.5 and 7 with a mean TP of 7.25. Now with the previous closing price of 10.94 this would indicate that there is a downside of -33.7%. The 50 day MA is 10.47 and the 200 day MA is 9.94. The market capitalisation for the company is $3,488m. 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.

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