Novagold Resources Inc. with ticker code (NG) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12 and 7 with the average target price sitting at $9.67. Now with the previous closing price of $5.65 this is indicating there is a potential upside of 71.2%. It’s also worth noting that there is a 50 day moving average of $5.85 and the 200 day moving average is $5.39. The company has a market capitalization of $1,899m. Visit the company website at: https://www.novagold.com
The potential market cap would be $3,250m 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.
