Novagold Resources Inc. found using ticker (NG) now have 3 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 8 with a mean TP of 10. With the stocks previous close at 6.95 this is indicating there is a potential upside of 43.9%. The 50 day MA is 6.11 and the 200 moving average now moves to 5.43. The company has a market capitalisation of $2,170m. Company Website: https://www.novagold.com
The potential market cap would be $3,123m based on the market concensus.
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.
