CVE:NVO

Novo Resources Corp. (NVO.V) Price Target, Predictions & Analyst Ratings

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

▼

C$2.38

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

Novo Resources Corp. (NVO.V) (CVE:NVO) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Buy
Based on 1 Analyst Ratings

Analyst Price Target Consensus

C$3.25

High PT	C$3.25
Average PT	C$3.25
Low PT	C$3.25

Type	Current 10/15/20 to 10/15/21	1 Month Ago 9/15/20 to 9/15/21	3 Months Ago 7/17/20 to 7/17/21	1 Year Ago 10/16/19 to 10/15/20
Consensus Rating	Buy	Buy	Buy	N/A
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	N/A
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	C$3.25	C$3.25	C$3.25	N/A
Price Target Upside	36.55% Upside	36.55% Upside	36.55% Upside	N/A

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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Novo Resources Corp. (NVO.V) (CVE:NVO) vs. Its Competitors

Type	Novo Resources Corp. (NVO.V)	Basic Materials Companies
Consensus Rating Score	3.00	2.64
Consensus Rating	Buy	Buy
News Sentiment Rating	Negative News	Neutral News
MarketBeat Community Rating	Outperform Votes 28 70.00% Underperform Votes 12 30.00%	Avg. Outperform Votes 121 63.68% Avg. Underperform Votes 69 36.32%

Novo Resources Corp. (NVO.V) (CVE:NVO) Analyst Ratings History

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
6/3/2021	Pi Financial		Upgrade	Neutral ➝ Buy	C$3.05 ➝ C$3.25	+36.55%

(Data available from 10/15/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)

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

What is Novo Resources Corp. (NVO.V)'s consensus rating and price target?: According to the issued ratings of 1 analysts in the last year, the consensus rating for Novo Resources Corp. (NVO.V) stock is Buy based on the current 1 buy rating for NVO. The average twelve-month price target for Novo Resources Corp. (NVO.V) is C$3.25 with a high price target of C$3.25 and a low price target of C$3.25. Learn more on NVO's analyst rating history
Do Wall Street analysts like Novo Resources Corp. (NVO.V) more than its competitors?: Analysts like Novo Resources Corp. (NVO.V) stock more than the stock of other Basic Materials companies. The consensus rating score for Novo Resources Corp. (NVO.V) is 3.00 while the average consensus rating score for basic materials companies is 2.64. Learn more on how NVO compares to other companies
Do MarketBeat users like Novo Resources Corp. (NVO.V) more than its competitors?: MarketBeat users like Novo Resources Corp. (NVO.V) stock more than the stock of other Basic Materials companies. 70.00% of MarketBeat users gave Novo Resources Corp. (NVO.V) an outperform vote while basic materials companies recieve an average of 63.68% outperform votes by MarketBeat users.

Does Novo Resources Corp. (NVO.V)'s stock price have much upside?: According to analysts, Novo Resources Corp. (NVO.V)'s stock has a predicted upside of 36.55% based on their 12-month price targets.

This page was last updated on 10/15/2021 by MarketBeat.com Staff

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Novo Resources Corp. (NVO.V) Price Target, Predictions & Analyst Ratings

Novo Resources Corp. (NVO.V) (CVE:NVO) Price Target and Consensus Rating