The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 412,216 shares traded hands. NovaGold Resources Inc. (TSE:NG) has declined 23.83% since April 8, 2016 and is downtrending. It has underperformed by 28.82% the S&P500.
The move comes after 5 months positive chart setup for the $1.79B company. It was reported on Nov, 14 by Barchart.com. We have $9.49 PT which if reached, will make TSE:NG worth $1.07 billion 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. As per Thursday, February 4, the company rating was initiated by JP Morgan. 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 $1.79 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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