Novagold Resources Inc. with ticker code (NG) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 12 and 7 calculating the mean target price we have $9.67. Now with the previous closing price of $5.42 this would indicate that there is a potential upside of 78.4%. Also worth taking note is the 50 day moving average now sits at $5.80 and the 200 moving average now moves to $5.42. The market capitalization for the company is $1,829m. Company Website: https://www.novagold.com
The potential market cap would be $3,263m 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.
