Could NovaGold Resources Inc. Lose Strenght? The Stock Increases A Lot Today

 Could NovaGold Resources Inc. Lose Strenght? The Stock Increases A Lot Today

The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 114,868 shares traded hands. NovaGold Resources Inc. (TSE:NG) has risen 1.22% since March 24, 2016 and is uptrending. It has underperformed by 2.25% the S&P500.
The move comes after 8 months positive chart setup for the $2.22 billion company. It was reported on Oct, 31 by Barchart.com. We have $10.32 PT which if reached, will make TSE:NG worth $1.22B more.

NovaGold Resources Inc. (TSE:NG) Ratings Coverage

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. The stock has “Neutral” rating given by JP Morgan on Thursday, February 4. The stock of NovaGold Resources Inc. (TSE:NG) has “Sector Perform” rating given on Tuesday, June 28 by RBC Capital Markets.

Another recent and important NovaGold Resources Inc. (TSE:NG) news was published by Prnewswire.com which published an article titled: “Technical Roundup on Gold Stocks — Golden Star Resources, Sandstorm Gold …” on October 31, 2016.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $2.22 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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