CVE:NVO

Novo Resources Corp. (NVO.V) Stock Forecast, Price & News

C$2.38

-0.01 (-0.42 %)

(As of 12/31/2020)

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Today's Range

C$2.37

▼

C$2.44

50-Day Range

C$2.38

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C$2.39

52-Week Range

C$1.41

▼

C$4.16

Volume311,570 shs

Average Volume273,252 shs

Market CapitalizationC$548.24 million

P/E RatioN/A

Dividend YieldN/A

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Novo Resources Corp. (NVO.V)

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. It primarily explores for gold deposits. The company primarily focuses on the Egina and Beatons Creek projects in the Pilbara region of Western Australia. It also holds interest in the Mt. Elsie project that consists of three exploration licenses covering an area of approximately 19 square kilometers located in the north-east of Nullagine, Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.

Novo Resources Corp. (NVO.V) (CVE:NVO) Stock Price Down 0.4%
July 16, 2021 | americanbankingnews.com

Blue Lagoon Resources Inc.: Blue Lagoon Completes $8.13 Million Private Placement Lead by a Strategic Investment by Crescat Capital for $1.5 Million
July 15, 2021 | finanznachrichten.de

Exploration at Beaton's River
July 15, 2021 | markets.businessinsider.com

Quarterly Operational Update; Increased Production From Beatons Creek
July 7, 2021 | finance.yahoo.com

Novo Announces Results of Annual General Meeting of Shareholders
June 23, 2021 | finance.yahoo.com

Novo Announces AGM Logistics
June 18, 2021 | finance.yahoo.com

Novo Announces Supplemental Listing of Additional Warrants
June 11, 2021 | finance.yahoo.com

Novo Resources Reaches Record Gold Production in May in Western Australia
June 8, 2021 | marketwatch.com

Nullagine Gold Project Update
June 8, 2021 | finance.yahoo.com

Inventus Mining: 2021 Exploration Program at Pardo and Sudbury 2.0
June 8, 2021 | sg.finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange CVE
Industry Industrial Metals & Minerals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolCVE:NVO
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.novoresources.com
Phone604-562-4854
EmployeesN/A
Year FoundedN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowC$0.22 per share
Price / Cash Flow10.77
Book ValueC$1.38 per share
Price / Book1.72

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares230,354,000
Market CapC$548.24 million
Next Earnings DateN/A
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.63 out of 5 stars

3.5 Analyst's Opinion

Consensus Rating
Novo Resources Corp. (NVO.V) has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$3.25, Novo Resources Corp. (NVO.V) has a forecasted upside of 36.6% from its current price of C$2.38.
Amount of Analyst Coverage
Novo Resources Corp. (NVO.V) has only been the subject of 1 research reports in the past 90 days.

4.7 Community Rank

Outperform Votes
Novo Resources Corp. (NVO.V) has received 28 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Novo Resources Corp. (NVO.V) has received 12 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Novo Resources Corp. (NVO.V) has received 70.00% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Novo Resources Corp. (NVO.V) and other stocks. Vote “Outperform” if you believe NVO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NVO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Novo Resources Corp. (NVO.V) does not currently pay a dividend.
Dividend Growth
Novo Resources Corp. (NVO.V) does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Novo Resources Corp. (NVO.V) insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Novo Resources Corp. (NVO.V) is -21.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Novo Resources Corp. (NVO.V) is -21.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Novo Resources Corp. (NVO.V) has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Novo Resources Corp. (NVO.V) (CVE:NVO) Frequently Asked Questions

Is Novo Resources Corp. (NVO.V) a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novo Resources Corp. (NVO.V) in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Novo Resources Corp. (NVO.V) stock.
View analyst ratings for Novo Resources Corp. (NVO.V) or view top-rated stocks.

What stocks does MarketBeat like better than Novo Resources Corp. (NVO.V)?

Wall Street analysts have given Novo Resources Corp. (NVO.V) a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Novo Resources Corp. (NVO.V) wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How has Novo Resources Corp. (NVO.V)'s stock price been impacted by COVID-19?

Novo Resources Corp. (NVO.V)'s stock was trading at C$2.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NVO shares have increased by 11.2% and is now trading at C$2.38.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for NVO?

1 analysts have issued 12 month price objectives for Novo Resources Corp. (NVO.V)'s stock. Their forecasts range from C$3.25 to C$3.25. On average, they expect Novo Resources Corp. (NVO.V)'s share price to reach C$3.25 in the next year. This suggests a possible upside of 36.6% from the stock's current price.
View analysts' price targets for Novo Resources Corp. (NVO.V) or view top-rated stocks among Wall Street analysts.

Who are Novo Resources Corp. (NVO.V)'s key executives?

Novo Resources Corp. (NVO.V)'s management team includes the following people:

Dr. Quinton Todd Hennigh, Chairman & Pres (Age 53, Pay $364.38k)
Mr. Robert Humphryson, CEO & Director
Mr. Ronan Sabo-Walsh, CFO & Corp. Sec.
Mr. Leonidas Karabelas, VP of Corp. Communications (Age 41)
Ms. Kas De Luca, Gen. Mang. of Exploration
Mr. Alwin van Roij, Sr. Exploration Geologist

Who are some of Novo Resources Corp. (NVO.V)'s key competitors?

Some companies that are related to Novo Resources Corp. (NVO.V) include Lithium Americas (LAC), Arizona Mining (AZ), Uranium Participation (U), Interfor (IFP), K92 Mining Inc. (KNT.V) (KNT), Semafo (SMF), SilverCrest Metals (SIL), Nexa Resources (NEXA), China Gold International Resources (CGG), Largo Resources (LGO), SilverCrest Metals (SIL), Continental Gold (CNL), North American Palladium (PDL), Osisko Mining (OSK) and Filo Mining (FIL).
View all of NVO's competitors.

What other stocks do shareholders of Novo Resources Corp. (NVO.V) own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novo Resources Corp. (NVO.V) investors own include Pretium Resources (PVG), Ivanhoe Mines (IVN), Pretium Resources (PVG), Gold Standard Ventures (GSV), (SAND), Harmony Gold Mining (HMY), First Majestic Silver (AG), Yamana Gold (AUY), Barrick Gold (GOLD) and Alexco Resource (AXU).

What is Novo Resources Corp. (NVO.V)'s stock symbol?

Novo Resources Corp. (NVO.V) trades on the Canadian Venture Exchange (CVE) under the ticker symbol "NVO."

How do I buy shares of Novo Resources Corp. (NVO.V)?

Shares of NVO and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Novo Resources Corp. (NVO.V)'s stock price today?

One share of NVO stock can currently be purchased for approximately C$2.38.

How much money does Novo Resources Corp. (NVO.V) make?

Novo Resources Corp. (NVO.V) has a market capitalization of C$548.24 million.

What is Novo Resources Corp. (NVO.V)'s official website?

The official website for Novo Resources Corp. (NVO.V) is www.novoresources.com.

How can I contact Novo Resources Corp. (NVO.V)?

The company can be reached via phone at 604-562-4854.

This page was last updated on 8/4/2021 by MarketBeat.com Staff

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