Novagold Resources Inc. with ticker code (NG) have now 2 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 10 and has a mean target at 11. Now with the previous closing price of 5.87 this would imply there is a potential upside of 87.4%. The 50 day moving average now sits at 6.26 while the 200 day moving average is 5.34. The company has a market cap of $1,950m. Company Website: https://www.novagold.com
The potential market cap would be $3,655m 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.
