According to The Fly, in a report released today, Stephen Walker from RBC Capital reiterated a Hold rating on Novagold Resources Inc New (NG). The company’s shares opened today at $3.99.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.7% and a 43.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Hudbay Minerals Inc, and Centerra Gold Inc.
Novagold Resources Inc New has an analyst consensus of Moderate Buy, with a price target consensus of $7.
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The company has a one-year high of $5.05 and a one-year low of $3.41. Currently, Novagold Resources Inc New has an average volume of 1.23M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NG in relation to earlier this year.
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NovaGold Resources, Inc. engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects.
