Novagold Resources Inc. with ticker code (NG) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 10 and 8 calculating the average target price we see 8.67. With the stocks previous close at 4.45 this now indicates there is a potential upside of 94.8%. The 50 day MA is 4.58 and the 200 day MA is 5.76. The market cap for the company is $1,478m. You can visit the company’s website by visiting: https://www.novagold.com
The potential market cap would be $2,880m 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.
