NovaGold Resources Inc. (TSE:NG - Get Free Report) was up 24% during mid-day trading on Thursday . The company traded as high as C$6.53 and last traded at C$6.41. Approximately 1,907,457 shares changed hands during trading, an increase of 384% from the average daily volume of 394,140 shares. The stock had previously closed at C$5.17.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NG shares. National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st. Royal Bank of Canada upgraded shares of NovaGold Resources from a "hold" rating to a "moderate buy" rating in a report on Wednesday.
Get Our Latest Stock Report on NovaGold Resources
NovaGold Resources Stock Down 5.0%
The company has a market cap of C$1.37 billion, a P/E ratio of -30.02 and a beta of 1.07. The business has a fifty day simple moving average of C$4.90 and a two-hundred day simple moving average of C$4.79.
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.
Recommended Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
