RBC Capital Reaffirms Their Hold Rating on Novagold Resources New (NG)

In a report released on April 8, Michael Siperco from RBC Capital maintained a Hold rating on Novagold Resources New (NG – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $3.14.

Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold. According to TipRanks, Siperco has an average return of 2.6% and a 50.51% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Novagold Resources New with a $9.25 average price target.

The company has a one-year high of $6.51 and a one-year low of $2.23. Currently, Novagold Resources New has an average volume of 2.53M.

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Novagold Resources New (NG) Company Description:

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.