Novagold Resources Inc. with ticker code (NG) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 28 and 8 and has a mean target at 15.33. Given that the stocks previous close was at 7.68 this is indicating there is a potential upside of 99.6%. The 50 day moving average now sits at 7.14 and the 200 moving average now moves to 7.3. The company has a market cap of $2,576m. Company Website: https://www.novagold.com
The potential market cap would be $5,141m 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.
