B.Riley Financial analyst Lucas Pipes reiterated a Buy rating on Novagold Resources New (NG – Research Report) today and set a price target of $10.00. The company’s shares opened today at $4.82.
Pipes covers the Basic Materials sector, focusing on stocks such as Alcoa, Teck Resources, and Novagold Resources New. According to TipRanks, Pipes has an average return of 15.7% and a 43.89% success rate on recommended stocks.
Novagold Resources New has an analyst consensus of Moderate Buy, with a price target consensus of $8.38.
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The company has a one-year high of $6.98 and a one-year low of $4.06. Currently, Novagold Resources New has an average volume of 1.12M.
Based on the recent corporate insider activity of 224 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered Vancouver, Canada.
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