Novagold Resources Inc. – Consensus Indicates Potential -22.4% Downside

Broker Ratings

Novagold Resources Inc. found using ticker (NG) have now 2 analysts in total covering the stock. The consensus rating is ‘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 9.34 this now indicates there is a potential downside of -22.4%. The day 50 moving average is 9.33 and the 200 moving average now moves to 9.61. The company has a market cap of $3,135m. Company Website: http://www.novagold.com

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. It primarily owns 50% interest in the 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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