The stock of NovaGold Resources Inc. (USA) (NYSEMKT:NG) is a huge mover today! The stock decreased 1.93% or $0.11 during the last trading session, hitting $5.6. About 2.25M shares traded hands or 0.45% up from the average. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has risen 12.90% since February 29, 2016 and is uptrending. It has outperformed by 2.48% the S&P500.
The move comes after 9 months negative chart setup for the $1.80B company. It was reported on Oct, 1 by Barchart.com. We have $5.10 PT which if reached, will make NYSEMKT:NG worth $162.00M less.
Analysts await NovaGold Resources Inc. (USA) (NYSEMKT:NG) to report earnings on October, 4.
According to Zacks Investment Research, “NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.”
More news for NovaGold Resources Inc. (USA) (NYSEMKT:NG) were recently published by: Business.Financialpost.com, which released: “NovaGold Resources Inc upgraded as spotlight may shift” on September 27, 2016. Nasdaq.com‘s article titled: “NovaGold Resources (NG) Shares Enter Oversold Territory” and published on August 23, 2016 is yet another important article.
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