Novagold Resources Inc. found using ticker (NG) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 28 and 8 calculating the mean target price we have 15.33. Now with the previous closing price of 7.72 this would indicate that there is a potential upside of 98.6%. The 50 day MA is 7.24 and the 200 day moving average is 7.28. The market capitalisation for the company is $2,601m. Company Website: https://www.novagold.com
The potential market cap would be $5,165m 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.
