NovaGold Resources Inc. (TSE:NG - Get Free Report)'s stock price rose 24% during trading on Wednesday . The company traded as high as C$6.53 and last traded at C$6.41. Approximately 1,907,457 shares changed hands during mid-day trading, an increase of 384% from the average daily volume of 394,140 shares. The stock had previously closed at C$5.17.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Stock Analysis on NG
NovaGold Resources Stock Up 24.0%
The business has a 50 day moving average price of C$4.82 and a 200 day moving average price of C$4.77. The stock has a market cap of C$1.53 billion, a P/E ratio of -33.46 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
