Can NovaGold Resources Inc.’s Tomorrow Be Different? The Stock Increases Again

 Can NovaGold Resources Inc.'s Tomorrow Be Different? The Stock Increases Again

The stock of NovaGold Resources Inc. (TSE:NG) is a huge mover today! About 41,280 shares traded hands. NovaGold Resources Inc. (TSE:NG) has declined 24.74% since April 21, 2016 and is downtrending. It has underperformed by 30.15% the S&P500.
The move comes after 7 months positive chart setup for the $1.86B company. It was reported on Nov, 25 by Barchart.com. We have $6.33 PT which if reached, will make TSE:NG worth $130.20 million 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 rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, June 28.

Novagold Resources Inc. is a mineral exploration company. The company has a market cap of $1.86 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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