Could NovaGold Resources Inc. Recover After Today’s Huge Decline?


The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 528,543 shares traded hands or 37.59% up from the average. NovaGold Resources Inc. (TSE:NG) has risen 15.29% since February 5, 2016 and is uptrending. It has underperformed by 1.20% the S&P500.
The move comes after 9 months negative chart setup for the $2.19 billion company. It was reported on Sep, 13 by We have $6.45 PT which if reached, will make TSE:NG worth $131.40 million less.

Out of 3 analysts covering NovaGold Resources (TSE:NG), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. NovaGold Resources has been the topic of 3 analyst reports since January 29, 2016 according to StockzIntelligence Inc.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $2.19 billion. The Firm is engaged in the exploration and development of mineral properties. It currently has negative earnings. The Company’s segment is involved in the exploration and development of mineral properties.

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