Novagold Resources Inc. (NG) Social Stream
NOVAGOLD RESOURCES INC (NG) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering NOVAGOLD RESOURCES INC.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-01-31 | 1 | $28 | $28 | $28 | $3.53 | 693.2% |
| 2022-04-12 | 2 | $28 | $28 | $28 | $3.53 | 693.2% |
| 2022-07-20 | 3 | $28 | $6.93 | $17.465 | $3.53 | 394.76% |
| 2022-10-12 | 3 | $28 | $7.4 | $17.7 | $3.53 | 401.42% |
| 2022-11-15 | 3 | $10 | $7.4 | $8.7 | $3.53 | 146.46% |
| 2023-01-12 | 3 | $10 | $8.14 | $9.07 | $3.53 | 156.94% |
| 2023-04-17 | 2 | $10 | $7.96 | $8.98 | $3.53 | 154.39% |
| 2023-06-21 | 2 | $10 | $7.997 | $8.998 | $3.53 | 154.9% |
| 2023-07-21 | 2 | $10 | $7.22 | $8.61 | $3.53 | 143.91% |
| 2023-10-24 | 2 | $10 | $6.57 | $8.285 | $3.53 | 134.7% |
The Trend in the Analyst Price Target
Over the past 49 weeks, NG's average price target has gone down $0.41.
Over the past 41 weeks, NG's average upside potential has been 77.9%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-12 | 2 | 10 | 8.14 | 9.070 | 6.79 | 33.58% |
| 2023-04-17 | 2 | 10 | 7.96 | 8.980 | 5.86 | 53.24% |
| 2023-07-20 | 2 | 10 | 7.22 | 8.610 | 4.49 | 91.76% |
| 2023-07-21 | 2 | 10 | 7.22 | 8.610 | 4.42 | 94.8% |
| 2023-10-24 | 3 | 10 | 6.57 | 8.285 | 3.71 | 123.32% |
NG Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1 | 2 | 0 | 0 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
Over the past 15 months, NG's average broker recommendation rating improved by 0.67.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for NG as an investment opportunity.
- NG has a higher number of analysts covering the stock than 53.67% of all US stocks.
- NOVAGOLD RESOURCES INC's upside potential (average analyst target price relative to current price) is greater than 1102.47% of Basic Materials stocks.
- In the context of Precious Metals stocks, NOVAGOLD RESOURCES INC's variance in analysts' estimates is lower than -246.97% of them.
- To contextualize these metrics, consider that out of stocks in the mid market cap category, NOVAGOLD RESOURCES INC's average analyst price target is greater than 201.45% of them.
In terms of price targets and recommendations offered by analysts, the stocks in the Precious Metals industry with the ratings most similar to NOVAGOLD RESOURCES INC are CDE, CGAU, and MTA.
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