NovaGold Resources (TSE:NG - Get Free Report) was upgraded by analysts at Citigroup to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.
Several other research firms have also recently commented on NG. Royal Bank Of Canada raised shares of NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Read Our Latest Analysis on NG
NovaGold Resources Price Performance
NG traded down C$0.13 during trading on Tuesday, hitting C$7.37. 521,684 shares of the stock traded hands, compared to its average volume of 422,672. The firm has a market capitalization of C$1.76 billion, a P/E ratio of -38.47 and a beta of 1.07. The firm has a 50-day moving average of C$5.68 and a 200 day moving average of C$5.02. NovaGold Resources has a 12-month low of C$3.22 and a 12-month high of C$7.65.
About NovaGold Resources
(
Get Free Report)
Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.
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