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 11,600 shares traded hands. NovaGold Resources Inc. (TSE:NG) has declined 21.50% since April 20, 2016 and is downtrending. It has underperformed by 26.90% the S&P500.
The move comes after 9 months negative chart setup for the $1.80B company. It was reported on Nov, 24 by Barchart.com. We have $5.40 PT which if reached, will make TSE:NG worth $126.00M 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 stock of NovaGold Resources Inc. (TSE:NG) has “Sector Perform” rating given on Tuesday, June 28 by RBC Capital Markets. The company was initiated on Thursday, February 4 by JP Morgan.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $1.80 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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