Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) shot up 39.2% on Tuesday . The stock traded as high as C$6.31 and last traded at C$6.00. 1,599,408 shares were traded during mid-day trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Research Report on NG
NovaGold Resources Stock Performance
The business has a 50 day moving average price of C$4.48 and a 200-day moving average price of C$4.71. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -32.10 and a beta of 1.07.
NovaGold Resources Company Profile
(
Get Free Report)
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.
Read More
Before you consider NovaGold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NovaGold Resources wasn't on the list.
While NovaGold Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
