Novagold Resources Inc. with ticker code (NG) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 12 and 8 with the average target price sitting at 10. Given that the stocks previous close was at 6.49 this now indicates there is a potential upside of 54.1%. There is a 50 day moving average of 5.97 and the 200 moving average now moves to 5.45. The market cap for the company is $2,219m. Visit the company website at: https://www.novagold.com
The potential market cap would be $3,420m 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.
