NovaGold Resources Inc. (TSE:NG - Get Free Report)'s stock price rose 39.2% on Tuesday . The stock traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares traded hands during trading, an increase of 461% from the average daily volume of 285,293 shares. The stock had previously closed at C$4.31.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Check Out Our Latest Stock Report on NG
NovaGold Resources Stock Down 10.7 %
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. The stock has a fifty day moving average price of C$4.48 and a two-hundred day moving average price of C$4.71.
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.
Further Reading
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
