Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) were up 24% during mid-day trading on Wednesday . The stock traded as high as C$6.53 and last traded at C$6.41. Approximately 1,907,457 shares were traded during trading, an increase of 387% from the average daily volume of 391,742 shares. The stock had previously closed at C$5.17.
Analyst Ratings Changes
Several equities research analysts have issued reports on NG shares. Royal Bank of Canada raised NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday. National Bank Financial raised NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
View Our Latest Stock Analysis on NovaGold Resources
NovaGold Resources Price Performance
The company has a 50 day simple moving average of C$4.86 and a 200-day simple moving average of C$4.78. The stock has a market cap of C$1.47 billion, a P/E 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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
