NovaGold Resources (NYSEMKT:NG) has been upgraded from Neutral to Overweight in a report by JPMorgan today.
- Updated: September 27, 2016
Yesterday NovaGold Resources (NYSEMKT:NG) traded -0.36% lower at $5.49. The company’s 50-day moving average is $5.83 and its two hundred day average is $6.01. With the last stock price close down -8.62% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 989,341 shares of NG changing hands under the typical 2,431,610
JPMorgan has upgraded NovaGold Resources (NYSEMKT:NG) from Neutral to Overweight in a statement released on Tuesday September 27, 2016.
Previously on 7/29/2015, RBC Capital Markets reported about NovaGold Resources (NYSEMKT:NG) raised the target price from $4.00 to $5.00. At the time, this indicated a possible upside of 0.58%.
With a total market value of $0, NovaGold Resources has with a one year low of $3.05 and a one year high of $7.29 .
General Company Details For NovaGold Resources (NYSEMKT: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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