Do Analysts Expect NovaGold Resources Inc. (NG) Stock to Rise After It Is Down -18.53% in a Month?

InvestorsObserver is giving NovaGold Resources Inc. (NG) an Analyst Rating Rank of 31, meaning NG is ranked higher by analysts than 31% of stocks. The average price target for NG is $28 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating NG a Buy today. Find out what this means to you and get the rest of the rankings on NG!

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Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With NovaGold Resources Inc. Stock Today?

NovaGold Resources Inc. (NG) stock is down -0.22% while the S&P 500 has gained 0.93% as of 12:08 PM on Wednesday, Jul 20. NG is down -$0.01 from the previous closing price of $4.54 on volume of 407,273 shares. Over the past year the S&P 500 is lower by -8.09% while NG is down -40.39%. NG lost -$0.14 per share the over the last 12 months. Click Here to get the full Stock Report for NovaGold Resources Inc. stock.