Novagold Resources Inc. with ticker code (NG) have now 3 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 12 and 7 suggesting an average Analsyt target price of $9.67. Given that the stocks previous close was at $6.21 this would imply there is now a potential upside of 55.7%. The 50 day moving average now sits at $5.89 and the 200 day moving average is $5.37. The total market capitalization for the company now stands at $2,143m. Visit the company website at: https://www.novagold.com
The potential market cap would be $3,337m based on the market consensus.
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.
The company is not paying dividends at this time.
