Royal Bank of Canada upgraded shares of NovaGold Resources (TSE:NG - Free Report) from a hold rating to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports.
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Stock Analysis on NG
NovaGold Resources Price Performance
TSE:NG traded down C$0.30 during trading hours on Wednesday, hitting C$5.75. The company had a trading volume of 621,753 shares, compared to its average volume of 401,310. The stock has a 50-day moving average price of C$4.90 and a 200 day moving average price of C$4.79. The company has a market capitalization of C$1.37 billion, a PE ratio of -30.02 and a beta of 1.07. NovaGold Resources has a 52 week low of C$3.22 and a 52 week high of C$6.99.
About NovaGold Resources
(
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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.
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