NovaGold Resources Inc. Just Recorded A Sigfniciant Decline

 NovaGold Resources Inc. Just Recorded A Sigfniciant Decline

The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 182,123 shares traded hands. NovaGold Resources Inc. (TSE:NG) has risen 9.73% since March 31, 2016 and is uptrending. It has outperformed by 8.64% the S&P500.
The move comes after 7 months negative chart setup for the $2.42 billion company. It was reported on Nov, 4 by Barchart.com. We have $6.72 PT which if reached, will make TSE:NG worth $169.40 million less.

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 firm has “Neutral” rating by JP Morgan given on Thursday, February 4. RBC Capital Markets maintained the shares of NG in a report on Tuesday, June 28 with “Sector Perform” rating.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $2.42 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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