What’s Ahead for NovaGold Resources Inc. After Today’s Huge Decline?

 What's Ahead for NovaGold Resources Inc. After Today's Huge Decline?

The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 168,451 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 9 months negative chart setup for the $1.69B company. It was reported on Nov, 14 by Barchart.com. We have $5.19 PT which if reached, will make TSE:NG worth $118.30 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 earned “Sector Perform” rating on Tuesday, June 28 by RBC Capital Markets. The stock of NovaGold Resources Inc. (TSE:NG) has “Neutral” rating given on Thursday, February 4 by JP Morgan.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $1.69 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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