NovaGold Resources (TSE:NG) Stock Price Up 2.1%

NovaGold Resources Inc. (TSE:NG) shares rose 2.1% during mid-day trading on Thursday . The company traded as high as C$3.99 and last traded at C$3.97. Approximately 184,396 shares traded hands during trading, a decline of 32% from the average daily volume of 270,621 shares. The stock had previously closed at C$3.89.

Analysts Set New Price Targets

Separately, National Bank Financial reissued an “outperform overweight” rating on shares of NovaGold Resources in a research report on Wednesday, January 3rd.

NovaGold Resources Stock Up 2.1 %

The firm has a market cap of C$1.33 billion, a P/E ratio of -20.89 and a beta of 0.88. The stock has a 50 day moving average of C$3.76.

NovaGold Resources (TSE:NG) last announced its earnings results on Wednesday, January 24th. The company reported C($0.04) earnings per share for the quarter.

About NovaGold Resources

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.