JP Morgan upgraded NovaGold Resources (TSE:NG) to Overweight in a statement released earlier today.
- Updated: September 27, 2016
Having a price of $7.39, NovaGold Resources (TSE:NG) traded 3.31% higher on the day. With the last stock price down -3.51% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NG has recorded a 50-day average of $7.59 and a two hundred day average of $7.77. Trade Volume was down over the average, with 158,784 shares of NG changing hands under the typical 441,217
JP Morgan has upgraded NovaGold Resources (TSE:NG) to Overweight in a report released on Tuesday September 27, 2016.
Recent Performance Chart
NovaGold Resources has with a one year low of $4.05 and a one year high of $9.56 and has a market capitalization of $0.
A total of 2 brokerages have issued a ratings update on NovaGold Resources. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $6.19.
General Company Details For NovaGold Resources (TSE:NG)
Novagold Resources Inc. is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company's segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska. The Donlin Gold property is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River. The Company holds interests in the Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek property comprises approximately 293,840 acres. The Company also holds interests in Copper Canyon Resources Ltd., an exploration company whose principal asset is its interest in the Copper Canyon copper-gold-silver property that is adjacent to the Galore Creek project. The Company does not produce gold or any other minerals.
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