NovaGold Resources Inc. (NG) in Focus: Stock Surges 13.1% – Tale of the Tape

Zacks

NovaGold Resources Inc. (NG) was a big mover last session, as the company saw its shares rise by over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 20.1% in the past one-month time frame.

None of the estimates for this gold industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NovaGold Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked basic materials stocks include Rio Alto Mining Limited (RIOM), Alamos Gold Inc. (AGI) and Allied Nevada Gold Corp. (ANV). While Rio Alto Mining carries a Zacks Rank #1 (Strong Buy), Alamos Gold and Allied Nevada Gold hold a Zacks Rank #2 (Buy).

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