NovaGold Resources (TSE:NG) Given a C$21.00 Price Target at Scotiabank

Scotiabank set a C$21.00 price target on NovaGold Resources (TSE:NG) in a research note released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. National Bankshares upgraded NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 price target for the company in a research note on Thursday, October 30th. BMO Capital Markets upgraded NovaGold Resources to a “strong-buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$18.00.

NovaGold Resources Stock Up 10.4%

Shares of NG stock opened at C$12.56 on Friday. The business has a fifty day simple moving average of C$13.58 and a 200 day simple moving average of C$11.65. The company has a market cap of C$5.11 billion, a P/E ratio of -50.24 and a beta of 2.15. NovaGold Resources has a twelve month low of C$3.22 and a twelve month high of C$16.27.

NovaGold Resources (TSE:NG) last posted its earnings results on Thursday, January 22nd. The company reported C($0.05) EPS for the quarter.

Insider Buying and Selling

In other NovaGold Resources news, Director Dawn Patricia Whittaker acquired 4,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of C$12.79 per share, with a total value of C$51,160.00. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at approximately C$51,160. This represents a ∞ increase in their ownership of the stock. Company insiders own 26.46% of the company’s stock.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.